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.
Average square footage under construction in the largest R&D and life science real estate markets in the United States in first half of 2023
(in million square feet)
Characteristic
Square footage under construction in million square feet
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Newmark. (October 3, 2023). Average square footage under construction in the largest R&D and life science real estate markets in the United States in first half of 2023 (in million square feet) [Graph]. In Statista. Retrieved November 23, 2024, from https://www.statista.com/statistics/1345286/square-footage-under-construction-life-science-real-estate-usa/
Newmark. "Average square footage under construction in the largest R&D and life science real estate markets in the United States in first half of 2023 (in million square feet)." Chart. October 3, 2023. Statista. Accessed November 23, 2024. https://www.statista.com/statistics/1345286/square-footage-under-construction-life-science-real-estate-usa/
Newmark. (2023). Average square footage under construction in the largest R&D and life science real estate markets in the United States in first half of 2023 (in million square feet). Statista. Statista Inc.. Accessed: November 23, 2024. https://www.statista.com/statistics/1345286/square-footage-under-construction-life-science-real-estate-usa/
Newmark. "Average Square Footage under Construction in The Largest R&d and Life Science Real Estate Markets in The United States in First Half of 2023 (in Million Square Feet)." Statista, Statista Inc., 3 Oct 2023, https://www.statista.com/statistics/1345286/square-footage-under-construction-life-science-real-estate-usa/
Newmark, Average square footage under construction in the largest R&D and life science real estate markets in the United States in first half of 2023 (in million square feet) Statista, https://www.statista.com/statistics/1345286/square-footage-under-construction-life-science-real-estate-usa/ (last visited November 23, 2024)
Average square footage under construction in the largest R&D and life science real estate markets in the United States in first half of 2023 (in million square feet) [Graph], Newmark, October 3, 2023. [Online]. Available: https://www.statista.com/statistics/1345286/square-footage-under-construction-life-science-real-estate-usa/
