Boulder commercial real estate: Biotech on the rise as office space flags

BOULDER — The COVID-19 pandemic and its aftermath have told a tale of two trajectories for a pair of commercial real estate asset classes — traditional office spaces and biotech-centric flex spaces with office, laboratory and light manufacturing components — in the Boulder market. 

While office users who have largely remained in work-from-home or hybrid mode, leaving their workplaces underutilized, life-sciences companies are champing at the bit for additional square footage in Boulder, a market that’s rapidly becoming one of the industry’s leading regions. 

“The sky is not falling,” said Becky Gamble, CEO of the brokerage Dean Callan & Co. “But that…