The Bay Area Life Science Market Still Struggling

Once one of the shining industry stars of the Northern California commercial real estate markets, the biotech/life science market is struggling to find and keep tenants. With a vacancy rate in excess of 26% and a recent planned 700,000 square foot lab campus selling for half of what it was worth in 2019, there is an abundance of available lab spaceready for the next life/science indstry recovery.  Venture capital money is still flowing into this industry sector by the billions, so the story is not all bleak…