Average rent of the largest R&D and life science real estate markets in the U.S. 2023
The average rent per square foot in the largest research and development (R&D) and life science real estate markets in the United States varied greatly in the first half of 2023. New York City, Chicago, and San Francisco Bay Area were the most expensive markets to rent life science real estate in the first half of 2023. On average, a square foot of life science real estate cost about 1,055 U.S. dollars to buy in the same period.