Figures

Greater Boston Life Science Figures Q1 2025

April 9, 2025 5 Minute Read

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Headwinds facing the life science industry have persisted, as new uncertainties arose in the first three months of 2025. The supply-demand imbalance in the Greater Boston life science market has resulted in vacancy climbing to 25.0%, after being near zero only 36 months ago. Millions of square feet of brand-new, purpose-built lab space sits vacant, awaiting tenants during a time when demand has been heavily muted by the significant reduction in venture capital funding and the scarcity of IPOs.