U.S. Life Sciences Vacancy Tops 70% of New Deliveries as 60MM SQFT Pipeline Reshapes Market

Savills says supply surge from pandemic-era development boom is outpacing demand, leaving major lab projects unleased across key hubs A development cycle that once reflected urgency around biotech expansion is now settling into a more measured phase, as newly delivered lab space across the U.S. struggles to find tenants at the pace many had expected. […]