Figures
San Francisco Bay Area Life Science Figures Q4 2022
January 18, 2023
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Through the first half of 2022, the life sciences market maintained momentum but began to shed some space in the latter half of 2022 as both geopolitical and macroeconomic uncertainty became more pronounced. For the year, net absorption totaled 404,404 sq. ft. while the overall vacancy ended Q4 2022 at 6.3%, slightly above Q4 2021.