Life science buildings comprise nearly one-third of the office development pipeline today, according to Yardi's Commercial Edge.
This, despite a reduction in venture capital funding in 2023 due to rising interest rates, the collapse of Silicon Valley Bank, and general economic uncertainty.
While the first half of 2023 saw the lowest amount of VC funding since 2019, investment this year will surpass any year before 2018, according to Commercial Edge's National Office Report for August.
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