Figures
New York City Life Sciences Figures Q3 2026
October 29, 2026 10 Minute Read
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- There was 27,000 sq. ft. of leasing velocity in Q3 2026, down 51% from 54,000 sq. ft. of leasing velocity in the prior quarter; year-to-date velocity was 50% lower than 2025’s total during the same period.
- At 8.3%, NYC’s lab exclusive availability rate decreased 1,950 basis points (bps) from last quarter and was down 1,880 bps from one year ago.
- At 8.2%, NYC’s occupancy-ready, built lab exclusive availability rate was down 370 bps from the previous quarter and was down 340 bps from its level one year ago.
- NYC’s lab exclusive average asking rent (NNN) was $93.67 per sq. ft., down 2% from last quarter and down 11% from its level one year ago.
- NYC’s lab requirements totaled 371,000 sq. ft. to close the quarter, down 7% from the prior quarter and down 15% from one year ago.
- NYC’s life sciences venture capital funding totaled $299.25 million during the quarter, 60% lower than the volume seen in the prior quarter and 13% less than the five-year quarterly average of $342.93 million.