Cooling demand for new lab space in Boston could be good news for biotech companies

Amid a bumpy few years for development in Boston, the business of building lab space has been a gleaming bright spot, with billions upon billions of dollars pouring in to house the region’s booming life science industry.

Now, though, even the lab boom is slowing amid a rocky economy, rising interest rates, and soaring construction costs.

And the latest evidence came in a recent report by real estate brokerage Newmark, which predicted that of the 40 million square feet of life science lab space that has been proposed but not yet started construction in Greater Boston, some 80 percent — 32 million square feet — could be “curtailed” and put on hold.

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