Research

"Baxter recently completed a 52,000 square foot relocation for its Hillrom/Welch Allyn business at the Palisades III building in Raleigh."

"The City of San Diego launched the Life Science Industry Pilot Program which aims to revitalize and expand the life sciences presence in San Diego by speeding up building permit processing for new and existing biotech programs."

"The mayor of San Francisco has proposed to change zoning regulations and mandate an accelerated approval process to ease conversion proposals, specifically lab space, to combat high office vacancy."

"Biopharmaceutical company, Avalyn Pharma, raised $175 million dollars in Series C funding to continue developing inhaled therapies to treat respiratory diseases."

"Despite a decline in rents for largescale spaces, smaller-sized industrial properties, are maintaining stability."

"Vacancy has climbed precipitously behind the second largest construction pipeline in the U.S."

"Vacancy increased 200 basis points (bps) from one year ago — with the largest year-over-year change reported in Southern NJ, where vacancy rose 420 bps to 8.3%."

"Vacancy increased by 30 basis points (bps) in the third quarter to 3.2%, while net absorption was negative for the third consecutive quarter tallying -87,184 square feet (sf)."

"Industrial demand holds strong in Detroit, bucking softening trend observed in most large markets"

"Vacancy rates have seen an uptick, increasing by 100 basis points yearover-year to reach 7.1%."