.jpg "Image treatment")
Market Highlights
- Overall vacancy declined 240 basis points year over year to 36.9% from 39.3%, signaling a modest positive shift in the market and marking the second consecutive quarter of declining vacancy.
- NIH funding reached a record $1.3 billion in 2026, up 2.2% from 2025 despite fewer funded projects, highlighting continued federal investment in the market’s life sciences industry.
- Mesirow acquired Amgen’s 660,000-square-foot Deerfield campus for $151.0 million. Amgen will remain in one building, while Fortune Brands Innovations will occupy the other two.