Research

"ArsenalBio has raised $325.0 million in Series C funding to accelerate the development of its lead programs, which focus on therapeutic candidates for treating solid tumor cancers."

"Element Materials Technology has invested $13.0 million to establish two new laboratories: one for fire testing and building sciences, and another for pharmaceutical testing."

"TEDCO has launched the Federal Lab Leveraging Innovation to Products Pilot Program to improve small businesses' access to Maryland’s industry resources, backed by $1.15 million in federal funding."

"U.S. life sciences venture capital funding is stabilizing and rising through year-end, with companies actively leveraging cash reserves for M&A deals to acquire innovative assets amid a surge in deal activity."

"Vacancy in Tampa Bay continues to climb, up 200 (bps) year over year to 7.0% from 5.0% as new supply continues to outpace demand."

"Vacancy has dropped 40 basis points (bps) since last quarter, now at 7.3%, marking the fourth consecutive decline from its peak of 8.3% in Q4 2023. This trend may persist as year-to-date deliveries are down over 33%, totaling just 3.4 million square feet (msf) compared to the previous year."

"Year to date, San Diego has observed 1.6 million square feet (msf) of negative net absorption through Q3. These occupancy losses have led to a continued climb in vacancy, up 290 basis points (bps) from Q3 2023."

"The vacancy rate was unchanged from the previous quarter. This is a result of slowing demand and a supply overhang with space being delivered vacant."

"Quarterly net absorption rose to 1.5 million square feet (msf), the highest this year, driven by two 500,000-square-foot move-ins by BroadRange Logistics in the Northeast submarket. This brought year- to-date absorption to 2.0 msf, well below the 7.4 msf recorded in Denver last year."

"Vacancy increased by 40 basis points (bps) in the third quarter, which can be attributed to the 2.1 million square feet (msf) of new deliveries coming online. Supply has outpaced demand, which is expected to continue given the 15.6 msf currently in the construction pipeline."