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Print Edition StoriesWednesday, December 16, 2009
By the numbers: Mass. life science degrees, lab space and lab space absorption
By Mass High Tech staff
MHT's Galen Moore: Honoring innovation in New England
Funding drugs for rare diseases
MHT's Julie Donnelly: Life science startups finding investments
Edging ahead
There was slight growth in health and life sciences-related degrees awarded by Massachusetts public colleges and universities in June 2009
Health professions and related clinical sciences
| Area | June 2008 | June 2009 |
| Certificate | 1281 | 1297 |
| Associate | 1788 | 1894 |
| Bachelor | 955 | 1161 |
| Master | 324 | 353 |
| Doctorate | 62 | 40 |
| Total | 4410 | 4745 |
| Pct. all degrees | 14.3% | 14.8% |
Psychology
| Area | June 2008 | June 2009 |
|
Certificate |
30 | 22 |
| Associate | 37 | 39 |
| Bachelor | 1229 | 1330 |
| Master | 125 | 130 |
| Doctorate | 28 | 25 |
| Total | 1449 | 1546 |
| Pct. all degrees | 4.7% | 4.8% |
Biological and Biomedical Sciences
| Area | June 2008 | June 2009 |
| Certificate | 7 | 9 |
| Associate | 50 | 43 |
| Bachelor | 643 | 679 |
| Master | 83 | 100 |
| Doctorate | 31 | 32 |
| Total | 814 | 863 |
| Pct. all degrees | 2.6 | 2.7 |
SOURCE: Massachusetts Department of Higher Education
Lab space: Subpar in suburbia
Suburban lab space saw the greatest growth in vacancy rates in the six months ending Sept. 30 (13.1% vacancy) versus the previous six month period (8.7%), driving total vacancy up from 9.7% to 10.4%.
Size in rentable square feet
| Total lab market | 15.3M |
| Cambridge | 7.8M |
| Boston | 3.1M |
| Suburban | 4.4M |
Vacancy
| Total lab market | 10.4% |
| Cambridge | 11.3% |
| Boston | 4.4% |
| Suburban | 13.1% |
Absorption last 4 quarters (sq. ft.)
| Total lab market | 558K |
| Cambridge | 129K |
| Boston | 566K |
| Suburban | -137K |
Lab space availability facts
12% the amount of “direct” space available in Cambridge
5.4% the amount of “sublet” space available in suburbia
2.8% the amount of “total” space available in Boston
Watch for turnaround in lab space absorption later in 2010
Key moves in recent months include:
48,000 The square footage in Watertown vacated by Acusphere after a consolidation
47,000 The space that Eisai offered as sublease in Lexington after acquiring MGI Pharma
72,000 The space Sepracor vacated in Marlborough after a consolidation
500,000 The new space Shire HGT plans to occupy in Lexington
218,000 The space Vertex (145,000 sq ft) and Forsyth Institute (73,000) are taking on in Cambridge
SOURCE: Richards Barry Joyce & Partners LLC
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