Vacancy rate of the largest R&D and life science real estate markets in the U.S. 2023
The vacancy rate of the largest R&D and life science real estate markets in the United States varied greatly in the first half of 2023. Chicago registered the highest vacancy rate of 50 percent, while Los Angeles had the lowest vacancy rate of 2.6 percent. San Francisco Bay Area, is the largest market in the U.S., had an availability rate of 13 percent.