Largest R&D and life science real estate markets in the U.S. 2023
San Francisco Bay Rare was the largest research and development (R&D) and life science real estate market in the United States in 2023, with a total inventory of 36.9 million square feet. Greater Boston, Massachusetts, followed with over 36.5 million square feet. The life science REIT Alexandria Real Estate Equities was the largest owner of life science real estate during that year.