Figures
Philadelphia Life Sciences Figures Report Q2 2025
Concessions Rise Amidst a Growing Construction Pipeline
August 4, 2025 2 Minute Read
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- Faced with rising vacancy, landlords respond with attractive concession packages to maintain occupancy.
- Delivery of new spaces dampen developers’ appetite for speculative projects. Priorities shift to build-to-suit or delays in new construction until pre-leasing thresholds are met.
- Despite challenges, investments in specific sectors, most notably pharmaceuticals, demonstrate the market's ability to attract significant capital projects.