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Home / Construction/Development / A Look at the Worcester, MA Life Science Real Estate Market

A Look at the Worcester, MA Life Science Real Estate Market

August 21, 2025 by Mike Hargrave Topics: Construction/Development, Industry News, Leasing/Property Management, Real Estate Financing/Capital Markets, Revista News

The Worcester Life Science market lies in Central Massachusetts (MA) and serves as a natural growth point for life science companies looking to grow from the Boston/Cambridge CBSA.  Worcester has long been a strong life sciences market for years as it is supported by universities such as the UMASS Chan Medical School as well as biotech and pharmaceutical organizations such as Abbvie, Biomere and Xtop Biotherpeutics.

Many organizations maintain a manufacturing presence in the Worcester market.  The market offers a more efficient and economical market a short distance away from the greater Boston LSRE market.  A project called The Reactory that is geared towards expanding access to manufacturing sites in Worcester for biotech companies.  The Reactory says it has 8 shovel ready sites that together can accommodate up to 470,000 square feet of biomanufacturing. 

The overall life science market in Worcester comprises about 4.5 million square feet (MSF).  The market is 90.9% occupied as of 2Q25 – that’s down from 93.8% one year ago.  There is construction in the market as over 200,000 SF has been delivered over the past year and another 314,000 SF is in progress.

RevistaLab tracks over 400 MSF of open LSRE across the US. Click here for more information on subscriptions or to schedule a demo.

Mike Hargrave
Mike Hargrave

Other Articles by Mike Hargrave:

    • Newer Life Science Properties Driving Occupancy Losses Across the Sector
    • Life Science Real Estate Transaction Update
    • Life Science Real Estate Fundamentals Showing Signs of Stabilizing

Previous Post:7.3M Square Feet Traded over the Last Year

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