While there's been plenty of pessimism hanging over commercial real estate since the SVB failure, a new report points out multiple reasons to expect the life sciences sector will endure.
— the report points out multiple reasons to expect the sector will endure, the report says.
The industry's vacancy rate, which rose to 5.7% in the fourth quarter from 5.1% in the third quarter of 2022, is still low compared to many other sectors.Boston and Cambridge, Mass. remain hubs with 52.7 million square feet of inventory and 15.3 million square feet of life sciences space under construction.
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