comprehensive -WSS

comprehensive

author：explore 2025-10-02 21:05:58 - browse：19735

Empty biotech lab with no people and green benches and cabinets. -- biotech coverage from STAT — Adobe

Demand for new lab space has plummeted by more than half since the end of 2021, and life science vacancy rates are the highest they’ve been in a decade amid the biotech industry’s ongoing downturn, according to a report released Tuesday by Jones Lang LaSalle, a commercial real estate services company

Tenant demand, measured by the total amount of new space that companies are looking to lease, dropped from 25.3 million square feet at the end of 2021 to 10.1 million square feet by the second quarter of this year across eight top life science markets: Boston, the Bay Area, San Diego, Raleigh-Durham, Philadelphia, Seattle, Los Angeles, and the Washington, D.C., area.

The real estate numbers presented in JLL’s annual life sciences report are yet another sign that the biotech industry, which outperformed the broader market for years, is in the midst of a slowdown. Lab space is increasingly going unused amid a supply glut, and more companies are looking to sublease space. Real estate observers say there are some signs these trends could turn around in the next year or two, though that is far from certain.

Get unlimited access to award-winning journalism and exclusive events.

Subscribe Log In

Previous article： Food as medicine: CMS rules hamper 'prescribing' of fruits, veggies
Next article： Study: Pain burden is higher in Black NFL players than white ones

WSS

STAT Summit: The economic case for universal basic health care

Insurance companies sue energy corporation after it was blamed for helping start Colorado wildfire

STAT Summit: Meghan O’Rourke on making chronic illness visible

STAT Readout: Friday, Oct. 20 biotech updates

Roche drug slashes death risk in early

Readout Newsletter: AstraZeneca's CEO, Roivant's $5 billion deal

entertainment

comprehensive

hotspot

In Memoriam: Notable people who died in 2023

Lecanemab for Alzheimer's is coming. Is the health system ready?

Indiana Supreme Court upholds abortion ban, says state constitution gives only limited protections

Why 40% Americans with Parkinson’s don’t see a neurologist

Anesthesiologist group: stop taking Ozempic before surgery

Roche acquires Telavant from Roivant, adding experimental IBD treatment

Walensky prepares to leave CDC — and Congress — behind

HCA discloses massive data breach affecting 11 million patients

DIEP, the 'gold standard' of breast reconstruction, is under threat

Racing yachts have close encounter with pod of orcas near Strait of Gibraltar

focus

CZI to create biohub to build anti

HCA discloses massive data breach affecting 11 million patients

CZI to create biohub to build anti

Study: Pain burden is higher in Black NFL players than white ones

NIH fellows want a pay raise. Will that mean less money for grants?

Health tech investors get more selective as pandemic boom fades

leisure time

knowledge

Wikipedia

focus