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.
Industry News
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 . . .
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 . . .
Life Science Growth by State
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 . . .
Life Science Real Estate Fundamentals Showing Signs of Stabilizing
The chart below shows aggregate LSRE trends in the top 3 markets from 2Q22 to 4Q24. It represents almost 150 million square feet tracked by RevistaLab.com in these 3 markets.
Smaller Life Science Markets that are Expected to Grow in 2025
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
Life Science Transaction Activity: What is the Data Showing for 3Q?
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
LSRE – Demand is Growing but not as fast as Supply
For those tracking the Life Science Real Estate Sector (LSRE) it should be no surprise that supply is growing currently.
Occupancy Rate Declining in Top Biotech Markets
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 . . .
Market Spotlight: DC-Baltimore
The DC-Baltimore area is now the 7th largest life science market that we track. With 12.7 million square feet of inventory, and 2.3 million square feet in the pipeline, it is a strong cluster for life science research. The chart below is a snapshot of the market in the 1st quarter of 2024. DC-Baltimore is experiencing . . .
4th Quarter Life Science Real Estate Update – Slides and Webinar
RevistaLab.com recently held its 4th quarter life science real estate update. Revista principals, Hilda Martin and Mike Hargrave presented RevistaLab data on construction trends, transactions, occupancies, supply/demand fundamentals across the …
Supply Growth Pressuring Occupancy in the Boston CBSA
It is no secret that inventory has been increasing lately in many life science real estate markets. Developers have been responding to increasing demand for new space during the past years, especially coming out of the COVID-19 pandemic era
Life Science Construction Pipeline Stabilizes in 2Q23
The life science real estate construction pipeline, which had been rising throughout 2022 is beginning to show signs of stabilization. Measured by square feet in progress (SF Inprogress), Revistalab calculates …
Sublease Space Availability Rises in the Top 3 Life Science Markets
Revistalab.com has been tracking vacancies and has an emerging time series available in several life science markets, including the 3 largest – Boston, San Diego and San Francisco/San Jose. When …
Cap Rates Scooting Up for Life Science Transactions
The cap rates for life science real estate deals have been increasing after reaching a low point in the fourth quarter of 2021. The compression down to 4.2 coincided with a peak in transaction volume of almost 20 billion dollars on an annual basis.
Life Science Construction Pipeline Continues to be Strong
Across the U.S. there are 75 million square feet of life science properties that are under construction (In Progress), with the majority being completely new buildings. Conversions make up a sizeable chunk (11.9 million sf), followed by a smaller portion of expansions and renovations.
What are the Top Construction Markets for Life Science Real Estate?
Did you know Revistalab tracks life science real estate (LSRE) construction across the country? RevistaLab covers lab construction projects, including conversions expansions and new properties across the US that are in planning, in progress as well as completed.