Philadelphia Life Sciences Year End 2022 Report

2022 was a historic year for life sciences in the Philadelphia
region. The market came into its own with unprecedented
leasing activity, affirming the work of investors and developers
and securing the region as one of the top scientific markets in
the United States. While signed leases were the headline this
year, with over 1.36 million sq. ft. of total space taken, there
was equally exciting development in all facets of the region’s
life sciences ecosystem. This combination of leasing velocity
and continued activity signals the market’s growing maturity
and increasing degree of stability as it solidifies itself in the
top tier of life sciences regions in the country.