Market Highlights

• Overall vacancy increased by 70 basis points year over year to 32.5% from 31.8% in Q2 2025, reflecting continued elevated availability in the market.
• Anthropic acquired New York-based Coefficient Bio in a reported $400 million stock deal, signaling continued momentum in AI-driven life sciences innovation.
• The New York City Economic Development Corporation (EDC) cut 75% of its dedicated life sciences workforce, raising concerns about the city's biotech growth, even as the EDC reaffirmed its commitment to the $1 billion LifeSci NYC initiative.

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