Figures
New York City Life Sciences Figures Q4 2025
February 11, 2026 10 Minute Read
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- There was 163,000 sq. ft. of leasing velocity in Q4 2025, up 423% from 31,000 sq. ft. of leasing velocity in the prior quarter; annual leasing velocity reached 377,000 sq. ft. and was ahead of 2024’s total by 138%.
- At 27.4%, NYC’s lab exclusive availability rate increased 30 basis points (bps) from last quarter and was up 120 bps from one year ago.
- At 11.8%, NYC’s occupancy-ready, built lab exclusive availability rate was up 20 bps from the previous quarter and was up 240 bps from its level one year ago.
- NYC’s lab exclusive average asking rent was $96.45 per sq. ft., down 8% from last quarter and down 10% from its level one year ago.
- NYC’s lab requirements totaled 330,000 sq. ft. to close the quarter, down 24% from the prior quarter and down 38% from one year ago.
- NYC’s life sciences venture capital funding totaled $345.86 million during the quarter, 2% higher than the volume seen last quarter and 3% less than the five-year quarterly average of $354.88 million.