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Michelle Wu: “Lab space is at 30% vacancy.”

Featuring: Michelle Wu, Democrat | Mayor of Boston | Massachusetts

How is Mayor Michelle Wu preparing Boston to face ICE?

Published January 20, 2026 | Video Starts at 43:30

… and able to throw off enough profits that could then subsidize affordable housing and all of these other things. That is no longer the case. The economics do not work. Lab space is at 30% vacancy. And this project for multiple years now was not able to advance or make meaningful progress towards a groundbreaking. (43:30–43:33)

CLAIM

Asserts that lab space in Boston currently has a 30% vacancy rate.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.

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Michelle Wu

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“We have more school construction and renovation projects underway than the last 40 years combined.”
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“We are getting together with other cities, trading notes, preparing our legal plans together.”
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“We are specifically hosting a session along with the public Rights project for large cities and other partners to band together around a…”
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“There are notes being taken and shared from the official government entities, whether that's how the police department has had to adapt and…”
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“Victories that have been won, saying that withdrawal or cancellation of funding has been against federal policy and federal law or even the…”
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“We are entering the OR. We're well in the 250th year of our American democracy.”
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“We have to be a city that is the leading example of delivering the highest quality of life for our residents.”
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“That means focusing on city services, getting our repaving and crosswalk painting and street lights and trash pickup and schools safety…”
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“Improving and streamlining permitting so that anything that our residents want to do is not going to be hindered by city government.”
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“We are focused on the future, investing in our schools and making sure that our innovation ecosystem here that is under severe attack from…”
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“We've been making a lot of investments in the Boston public schools over the last four years.”
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“When superintendent Skipper started, we had just come off of having five superintendents over the course of seven years.”
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“The country's oldest public school system [Boston Public Schools] the best at BPS means that for every family, the best school for them…”
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“We have invested in creating the specific types of seats that meet our students needs.”
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“Professional licensure is a state issue.”
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“Franklin park in White Stadium, is owned by Boston Public Schools and therefore publicly owned.”
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“There will be less than 10% of the field time leased with a paying tenant, the professional women's soccer team.”
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“The women's soccer team, our tenant, is going to be contributing more than the city does.”
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“It will be over $2 million a year in maintenance and operation costs.”
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“It will be $500,000 a year escalating with inflation for money that goes directly to Franklin park.”
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“Another $400,000 a year escalating with inflation just on rent that they're contributing.”
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“We also have a cut of concessions. I think it's 3% of the concessions that are sold.”
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“10% of field naming rights, 10% of revenues related to other advertisements.”
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“We are working through that now because the bids have been officially received, opened and we're in the process of reviewing them now.”
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“The soccer team's contribution should be more because they are.”
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“At this point we are well underway with construction site work has been done. The old stadium structure has been demolished.”
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“We already have items in the lease that are lined up that the team has to either deliver their part of the stadium completed or they have to…”
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“We've been through multiple, multiple checkpoints at every other level of the court system and come back with very definitive, very clear…”
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“There are about 100 days left to go before the tournament kicks off.”
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“Philang and the T have been working very hard on creating new capacity.”
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“We need to have more housing. We need to make sure it's affordable.”
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“Cities here are not in control of setting their own tax rates.”
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“Our home rule petition that has been up there for two years now.”
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“The vast majority of Boston residents support residential tax relief.”
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“12 out of 13 Boston city councilors have voted for this.”
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“All 16 of our Boston state representatives voted for this.”
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“4 out of our 6 state senators voted for this.”
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“A transfer fee that would generate housing directly for affordable housing.”
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“Rent stabilization so that people have relief right now in their communities.”
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“The state Senate [is] putting more energy into opposing a common sense proposal and rejecting it and shutting it down from one municipality.”
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“Inflation and health care costs have been eating into the funding that's needed for teachers and police officers and first responders and…”
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“We do see a very different relationship now between the state Senate and those [corporate] interests than we did 20 years ago.”
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“Businesses used to have much more loyalty and responsibility solely here because they were headquartered here.”
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“Institutions across the city are free to any student growing up in Boston and two of their guests or family members.”
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“200 original units have now been more than doubled into thriving community, fully renovated homes.”
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“Significant $50 million of city dollars, ARPA city dollars going to the Mildred Haley development.”
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“State partnership through the msba, the Mass School Building Authority, to fully redevelop Madison Park.”
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