Research

"Portal Innovations is partnering with The NJ Innovation Hub to design and manage a 30,000-square-foot (sf) lab and incubator space within the HELIX life sciences campus."

"Spark Therapeutics announced it will lay off more than half of its Philadelphia workforce, cutting nearly 300 employees."

"Genentech has announced plans to invest $700.0 million in Holly Springs to build a manufacturing facility, expected to generate over 400 new jobs."

"Sterling Bay and Harrison Street have delivered 690,000 square feet (sf) of life sciences space as part of the first phase of Pacific Center in Sorrento Mesa."

"Unity Biotechnology, once valued at $700.0 million, announced layoffs of its entire South San Francisco workforce, including its CEO and CFO."

"VerAvanti, a MedTech company, raised $31.5 million, the largest life sciences VC funding in Seattle this quarter, to advance its imaging scopes for stroke and heart attack prevention."

"The Washington Metropolitan Area Transit Authority has selected developer Hines to lead a 13.9-acre project that will include the University of Maryland's Institute for Health Computing, a hub for AI and biotech research."

"Overall vacancy increased to 25.5%, up 860 basis points (bps) year over year. Direct vacancy rose 150 bps from the previous quarter to 19.7%, while sublease vacancy held steady."

"Vacancy has climbed to 39.7%, a 560-basis-point (bp) increase from 34.1% in the same quarter last year, marking one of the highest vacancy rates in the nation."

"A year-over-year increase of 290 basis points pushed overall vacancy to a record high of 24.8%, up from 21.9% in Q2 2024."