The life science real estate market has been showing hints of softening with an increased vacancy rate in the first quarter and a combined 44,000 square feet of negative net absorption in the country’s top 13 markets, according to CBRE. 

But results vary greatly by city, with the San Francisco Bay Area posting 260,000 square feet of negative net absorption while Philadelphia – home to a newly announced project – had 460,000 square feet of positive net absorption.



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