Meanwhile, rents see significant drops in the most expensive cities.

While the move may not mean bankruptcy is imminent, it is another threat to malls.

Converting these malls to fulfillment centers, apartment complexes, schools or medical offices could reduce their property values anywhere from 60% to 90%.

Demand for biomanufacturing space should increase in core markets.

For every $1 invested in community-wide and building level adaptation, the region will see about $2 and $4 in benefits, respectively, the report finds.

Blackstone is commencing a go-shop process on behalf of BioMed's current investors.

"Strong and growing capital flows into the life science sector are accelerating innovation and discovery."

From 2009 to the end of 2019, lab space in the United States grew from 17 million to 29 million square feet.