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New York Q4 2025 Life Sciences Market Report

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Market Highlights

  • Vacancy declined modestly to 31.8%, down 190 basis points (bps) from 33.7% in Q4 2024. Even so, more than a quarter of New York City’s life sciences inventory remains vacant, indicating continued softness in tenant demand.
  • The City University of New York (CUNY) is paying $12.3 million to lease 200,000 square feet (sf) at a former historic post office in the Bronx, which will serve as a new life sciences facility for Hostos Community College.
  • Despite the announcement of potential funding cuts earlier in the year, NIH funding has remained relatively stable at $3.0 billion for FY2025, maintaining consistent levels year over year.

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