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Boston-Cambridge Q3 2025 Life Sciences Market Report
"Overall vacancy increased to 26.6%, up 750 basis points (bps) year over year. Direct vacancy rose 130 bps from the previous quarter to 20.8%, while sublease vacancy held steady."
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"Overall vacancy increased to 26.6%, up 750 basis points (bps) year over year. Direct vacancy rose 130 bps from the previous quarter to 20.8%, while sublease vacancy held steady."
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"Overall vacancy stands at 39.0%, up 700 basis points (bps) from 32.0% in Q3 2024. Since last quarter, direct vacancy declined by 170 bps, while sublease vacancy edged up to 5.0%."
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"Vacancy declined to 30.8%, down 300 basis points (bps) from 33.8% in Q3 2024. Meanwhile, total available space dropped to 0.6 million square feet (msf), down 0.5 msf, or about 45.0%, from 1.1 million sf in Q3 2024."
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"Overall vacancy increased by 180 basis points (bps) to 23.9%, up from 22.1% in Q3 2024. "
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"Vacancy has climbed to 29.2%, nearly doubling from 17.4% in Q3 2024. More than one-quarter of life sciences space now sits unoccupied, representing one of the highest vacancy rates in the nation."
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"Vacancy rose 540 basis points (bps) from Q3 2024 to 27.0%, driven by an increase in direct vacancy to 21.0%, while sublease availability edged down slightly to 6.0%."
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"Overall vacancy stands at 17.0%, up 430 basis points (bps) from last year’s 12.7%. Since last quarter, direct vacancy rose 170 bps, while sublease vacancy edged down to 2.3%, the lowest since 2023."
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"Overall vacancy rose to 5.8%, an increase of 90 basis points (bps) year over year. Direct vacancy climbed 50 bps quarter over quarter, while sublease vacancy stayed at 0.8%. Total available space held at 0.9%, down 10 bps from last year."
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"Overall vacancy stands at 27.0%, down 190 basis points (bps) from 28.9% in Q3 2024, while available space held steady at 1.6 million square feet (msf)."