Report | Future Cities

Philadelphia Market Lab Leasing Sets Record Pace Through H12022

27 Jun 2022

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The indefatigable Philadelphia life sciences market continued its rapid pace of activity in all facets, with a noticeable surge in leasing. From the supply side, the 9.3 million square-foot (sq. ft.) market is set to more than double over the coming decade, with 10 million combined sq. ft. of lab space in various stages of planning, development, construction, and renovation.