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Market Highlights
- Overall vacancy rose 80 basis points year over year to 24.8% but has remained relatively stable since jumping from 15.9% in Q2 2025 to 24.0% in Q3 2025.
- Portal Innovations opened the nearly 30,000-square-foot (sf) New Jersey Innovation Hub at HELIX with 16 founding members and up to $10.0 million in funding commitments to support emerging life sciences companies.
- BeOne Medicines announced a $300.0 million expansion of its Princeton West Innovation Campus, adding a 145,000-sf manufacturing facility and 120 jobs, bringing the campus to 545,000 sf.