RevistaLab
Biotech stocks are moving higher and have been since the back end of 2025. The S&P Biotech Index is up 80% year-over-year, with the June rally pushing into the territory of 2021 highs. More M&A in Biotech, stronger . . .
The first quarter of 2026 did not show any significant improvements in occupancy across most markets. Despite this, it appears that construction activity is on an upward trend after hitting a low in . . .
According to 1Q26 data, only a few submarkets of the greater Boston area have maintained an occupancy above 90%. Two of the smallest submarkets, South 495 and the New Hampshire part of the Boston CBSA are technically . . .
When it comes to life science, the Midwest is often overshadowed by the core coastal hubs. However, the Midwest contains a strong ecosystem built on industrial infrastructure and solid talents pools. Revista is tracking over 56 million . . .
New life science construction has bounced off its low point reached in 2Q25. At that time 10.4 million square feet had broken ground within the twelve months prior. By the final quarter of the year, the trailing twelve-month total moved up to . . .
he life science ecosystem in Houston is one of the strongest in the country, and this thriving environment is now the 11th largest life science real estate market we track. With slightly under 5 million square feet of space, Houston is a scale below the three primary hubs (Boston/San Fran/San Diego) but is now . . .
Over the past two years, there has been a trend of increasing sublease listings in the life science sector. For investor-owned life science properties, the chart below displays the square footage that is available for sublease, and the two occupancy rates that depend on whether . . .
Domestic life science manufacturing is now a focal point, and we are seeing evidence in employment data and our construction data. Data from the Bureau of Labor Statistics shows Pharmaceutical & Medicine Manufacturing Employment on the rise in 2025, after . . .
While not true of all markets, the top 3 clusters have recently faced deteriorating employment. The chart below shows the year-over-year change in employment across the private sector overall and scientific R&D . . .
To understand each market, we have categorized life science buildings into four age groups. The markets with the most old buildings (built more than 40 years ago) are Chicago, New York and Philadelphia. This is . . .
What does ownership look like in smaller life science markets? In the chart below we have simplified ownership into either investor or user-owned. The top three markets are dominated by . . .
The 2Q25 transaction data is in and the first half of 2025 looked similar to the back half of 2024. Across the US, 68 life science properties, totaling 7.3 million square feet, have sold . . .
How have the core life science clusters held up with regards to life science employment? Employment is an important indicator of an industry’s health and gives a look into how the sector is handling the economic circumstances. The . . .
Over the past year a little over 10 million square feet of life science projects have broken ground. While that’s only a fourth of the peak in 2022, it still seems high considering the current gap between supply and demand. To understand . . .
20% of the life science space Revista tracks is pure manufacturing. Despite the oversupply of lab properties, the manufacturing sub section does not suffer the same issues. Manufacturing space is primarily driven by . . .
Revista recently released data for the 1st quarter of 2025. The preliminary transaction data shows 14 life science properties traded hands during the quarter. As per the chart, 70 properties traded over . . .
Despite declining occupancy in 2024, it was a largely positive year on the demand side. 70% of the top 20 markets had positive absorption in 2024. Boston gained about 3.7 million in occupied space throughout . . .
How much has the life science real estate sector grown over the past decade? In the table below we are looking at growth from 2014-2024 for life science inventory & employment. The inventory growth is for all . . .
Preliminary data shows a total of $3.16 billion for life science sales in 2024, totaling 5.17 million square feet. This is equivalent to about half of the volume recorded in 2023. Yearly volume has maintained a consistent decline since 2022, and 2024 has yet to show a clear reversal. On a positive note, if . . .
Did you know there are over 30 markets with at least 2 million square feet of life science space? We typically focus on the premier hubs, but let’s shift to the medium sized clusters that could become large markets in the future
To answer this question, we are going to break up the data into two categories, the top 3 markets (Boston, San Francisco, San Diego) and the rest of the US. We are showing the square footage of construction projects that are in progress, the amount of that construction that is still available to be leased (SF Vacant in Progress) and the vacancy percentage based on those numbers. The top 3 markets had a construction vacancy of . . .
The first half of 2024 was slow going for life science property sales. About 1.5 million square feet traded hands, and the previous trend of declining activity continued. With rate cuts from this from this past September, are there any signs of a pivot? The chart below includes our preliminary data for 3Q and the
While activity among the real estate side of life science is going through a slow period, it is important to zoom out and examine the outlook of the sector in the long term. How is the need for lab space going to evolve over the next 10 years? One way to analyze the space needs is to observe the trend in employment. The chart below contains data from . . .
It will come as no surprise to report that transaction activity was rather slow in 2Q24. Volume has been on a downward trend since the end of 2022, and the recent quarter is no exception. While the market sentiment has been consistent over the past year, it is crucial to keep tabs, especially as we approach a potential pivot point. Just under