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Home / 2024 / July 2024

Archives for July 2024

Occupancy Rate Declining in Top Biotech Markets

July 18, 2024 by Mike Hargrave

Over the past couple of years, life science real estate occupancy has been on the decline in the top markets. The top 3 markets represent over 1/3 of the US inventory and have the longest history as biotech clusters. Prior to 2022, there was generally a nice balance between . . .

Read moreOccupancy Rate Declining in Top Biotech Markets

Life Science Construction Update 2Q24

July 17, 2024 by Stephen Lindsey

The 2Q24 construction numbers show a continuation of the decline in new projects. The chart below shows the square footage of projects starting and completing construction on an annual basis. 12.2 million square feet have started construction in the past year, and 20.3 million have been completed. Beginning . . .

Read moreLife Science Construction Update 2Q24

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  • Manufacturing: A Healthier Subsection of Life Science Real Estate
  • New Deliveries, Older Properties Most Impacted by Oversupply
  • First Look at 1Q25 Life Science Transaction Activity
  • Life Science Deliveries Stall in 1Q, Pipeline Still Significant
  • Absorption Across the Top 20 Life Science Markets

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