Market Highlights

• Vacancy has climbed to 39.7%, a 560-basis-point (bp) increase from 34.1% in the same quarter last year, marking one of the highest vacancy rates in the nation.
• Three companies recently signed leases at Fulton Labs, a 423,454-square-foot (sf) life sciences development at 400 North Aberdeen Street in the Fulton Market submarket.
• NIH funding has continued to grow despite anticipated reductions, with 2025 year-to-date totals already reaching $510.9 million, or 91.3% of 2024’s total funding.

Read the full report