Life Sciences Lab Real Estate Market Stabilizing After Sharp Decline in Demand

Life sciences lab real estate markets, particularly in Boston and the Bay Area, experienced vacancy rates over 30% due to reduced demand following NIH grant cancellations. However, the sector is showing signs of stabilization with strong venture capital investment and reduced construction activity. JLL predicts gradual market stabilization by 2030.

By Diana Olick · CNBC · April 22, 2026, 13:51 UTC

Life Sciences Lab Real Estate Market Stabilizing After Sharp Decline in Demand

Topics: JLL report life sciences NIH funding real estate market vacancy rates venture capital

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