Activist investor Jonathan Litt, known for shorting major office-owning REITs, is now asserting that life sciences space is as underutilized as standard office space and that valuations are going to suffer as a result.
Litt said Alexandria real estate Equities, a major holder of life sciences assets, is going to feel the pinch of empty space, especially as major tenant leases are up for renewal.

“Alexandria has got a real problem,” Litt said on the network. “There's about 20% of new space coming…
Source: Activist Investor Litt Says Life Sciences Space Is Suffering, Targets Alexandria In Latest Report