Cranes are still busy over Boston’s medical districts. But the city’s healthcare construction boom, which in the past five years has seen over a million square feet of new projects completed and more than 2 million square feet approved or under construction, is subsiding.
“We’re seeing institutions taking a step back,” says Sonal Gandhi, senior manager for institutional development at the Boston Redevelopment Authority. “They’re looking at how they can optimize the space they have.”
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