Once in 2015, the country’s second largest life Sciences Center, New Jersey, came in fourth until 2024-reminded how this competitive industry has changed so fast in the past decade.
The New Jersey Life Sciences is ready to add a total of 565,000 square feet of space in the market, which is a 6 % extension of its Life Sciences stock, making it the eighth largest active pipeline in the US markets.
The New Jersey Life Sciences sector has a total of 9.88 million square feet, the fourth largest behind Boston, San Francisco and San Diego.
Biotec centers such as Boston and San Francisco saw the demand for lab spaces as traditional office markets struggled with remote work shifts. But now, the rising rate of interest, a wave of new supply, and the newly announced government funding are changing the landscape.
In this way, this sector is not as slow as to recover. Nevertheless, with venture capital funding, which shows a sign of recurrence, is the cause of conservative hope in 2025.
– Compiled with a Commercial Search Report.
Read the full report here: https://www.commerCialsearch.com/blog/2025-Fe-sciences-sconconcture-report/
