Square footage under construction in life science real estate market in the U.S 2023
Greater Boston had the largest amount of real estate under construction among the top U.S. research and development and life science real estate markets. In the first half of 2023, approximately 11.4 million square feet of R&D life science real estate was under construction. San Francisco Bay Area followed shortly, with 8.1 million square feet under construction during the same period.