Boston’s Innovation District has been such a success that it’s in danger of pricing itself out of existence. And as district landlords race to cash in on the city’s epic marketing campaign, there’s no one place for the companies being priced out of the Innovation District to cluster around. The next Innovation District, be it in Downtown Crossing or Allston or Dorchester, will likely be up against the same economic forces that now threaten to hollow out the four-year-old South Boston Innovation District. There’s tremendous interest in Boston City Hall in fostering start-up activity, and no plan for putting money behind this interest.
The small start-ups that fuel the region’s innovation economy could never claim the new office towers rising above acres of parking lots in South Boston. Lawyers and corporate accountants are the only ones who can stomach the enormous rents.