San Francisco Bay Area Faces Ongoing Market Challenges
While several U.S. life science markets have begun to stabilize or show early signs of recovery, San Francisco/San Jose remains in a period of adjustment as new supply continues to …
The LAB Report
Negative Employment Changes to Start 2025
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 . . .
Is the Life Science Real Estate Market Finally Nearing a Turnaround?
After several tough years marked by oversupply and slower demand, life science real estate has been searching for a bottom. Most major markets — from Boston to San Francisco and …
What is the Age of the Real Estate in Major Life Science Hubs?
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 . . .
Boston Life Science Inventory Up 29% in 3 Years, Ranked #1 for Growth
Life Science real estate has been on a clip of fast expansion, fueled by the increased investor attention and heightened space demand the sector experienced in the wake of the …
Investor Presence in Small Life Science Markets
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 . . .
Life Science Construction Picks Up in 2Q
At the end of 2024, construction starts for life science projects had slowed to the lowest point since the onset of the pandemic, with less than 1 million square feet …
A Look at the Worcester, MA Life Science Real Estate Market
he Worcester Life Science market lies in Central Massachusetts (MA) and serves as a natural growth point for life science companies looking to grow from the Boston/Cambridge CBSA.
7.3M Square Feet Traded over the Last Year
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 . . .
Newer Life Science Properties Driving Occupancy Losses Across the Sector
The US Life Science or Biotech real estate sector has seen tremendous growth during the past 3 years. Overall, since 2Q22, the US Life Science sector has grown by 17% to 401 million square feet (MSF) in 2Q25.
Employment Trends in the Top Markets
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 . . .
Oversupply Presents Opportunity for Established Pharma
With many state-of-the-art, brand-new research facilities sitting empty across major research clusters in the U.S., established pharmaceutical and biotechnology firms have an opportunity to secure ideal spaces in prime locations. …
Self-Developed Projects Still Breaking Ground
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 . . .
Manufacturing: A Healthier Subsection of Life Science Real Estate
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 . . .
New Deliveries, Older Properties Most Impacted by Oversupply
Last year Life Science inventory in the top 3 clusters, Boston, San Francisco & San Diego, grew by over 10%. With this incredible growth, combined with softer space demand, many …
First Look at 1Q25 Life Science Transaction Activity
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 . . .
Life Science Deliveries Stall in 1Q, Pipeline Still Significant
After a record year of Life Science construction in 2024, early 2025 brings a much needed stall in new project deliveries. In 2024, 22.8 million square feet of Life Science …
Absorption Across the Top 20 Life Science Markets
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 . . .