Figures
New York City Life Sciences Figures Q2 2025
July 24, 2025 10 Minute Read
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- There was 154,000 sq. ft. of leasing velocity in Q2 2025, up 419% from 30,000 sq. ft. of leasing velocity in the prior quarter; year-to-date leasing velocity logged 183,000 sq. ft. and was ahead of 2024’s same period total by 158%.
- At 27.0%, NYC’s lab exclusive availability rate increased 70 basis points (bps) from last quarter but was down 430 bps from one year ago.
- At 10.6%, NYC’s occupancy-ready, built lab exclusive availability rate was up 90 bps from the previous quarter and was up 70 bps from its level one year ago.
- NYC’s lab exclusive average asking rent was $105.32 per sq. ft, flat from last quarter but up 4% from its level one year ago.
- NYC’s lab requirements totaled 478,000 sq. ft. to close the quarter, up 9% from the prior quarter but down 51% from one year ago.
- NYC’s life sciences venture capital funding totaled $231.52 million during the quarter, 117% more than the volume seen last quarter and 38% less than the five-year quarterly average of $372.23 million.