"Overall vacancy rose to 21.2% in Q1, an increase of 700 basis points year-over-year. "

"Vacancy has surged to 25.0%, an increase of over 1,000 basis points from 14.3% at the beginning of 2024, leaving a quarter of life sciences space unoccupied."

"Vacancy rose by 600 basis points year-over-year to 24.9%, driven by the continued influx of newly delivered inventory totaling hundreds of thousands of square feet, outpacing demand growth."