In 2023, office and flex space for life sciences in Seattle saw a turnaround. For buildings in this category, absorption, the change in the number of occupied square feet, was negative in each of the three prior years. In contrast, absorption for life science buildings with biotech and lab space was positive.
Seattle’s Life Science Segment Sees Occupancy Gains in 2023
Despite Turnaround, New Construction and Weaker Leasing Could Push Vacancy Higher
CoStar Analytics
November 29, 2023 | 6:25 P.M.
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IN THIS ARTICLE
- Properties
- Eleven 50
1150 Eastlake Ave, Seattle, WA
- Fred Hutchinson Expansion
820 Yale Ave, Seattle, WA