City gets creative to find space for red-hot life science sector

In the first quarter of the year, New York City’s amount of vacant life science real estate was among the lowest in the nation, according to the latest report from CBRE, a Dallas-based real estate services company. And although the city’s inventory is expected to expand in the coming years, demand for space now requires developers to get creative when it comes to construction and conversions, experts say.

Although not quite the heavyweight that the Boston-Cambridge and the San Francisco Bay Area clusters are, New York is holding its own as an attractive place for life science companies to set up shop, said John Cahill, senior vice president

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