The average vacancy rate for laboratory and research and development space across the top 13 U.S. life sciences markets stood at 9% in the second quarter, up more than four percentage points from a year earlier and more than...more
8/25/2023
/ Biopharmaceutical ,
Biotechnology ,
Commercial Buildings ,
Commercial Leases ,
Commercial Real Estate Market ,
Construction Project ,
Hospitals ,
Laboratories ,
Life Sciences ,
Moderna Inc. ,
Vacant Properties
California was, by January 1, 2023, home to nearly 470,000 jobs that generated $413.7 billion in total business output in 2022, according to Biocom California’s 2023 Economic Impact Report. This represents a nearly 8 percent...more
7/19/2023
/ Biotechnology ,
California ,
Commercial Buildings ,
Commercial Leases ,
Commercial Real Estate Market ,
Job Market ,
Laboratories ,
Life Sciences ,
Real Estate Investments ,
State and Local Government ,
Technology ,
Venture Capital
Despite a strong start last year, venture capital funding for life sciences totaled $35.8 billion in 2022, down 28% from 2021, according to Cushman & Wakefield (C&W). Initial public offering activity also fell 90% from $14.5...more