Recent lab leases signed in the South San Francisco submarket show landlords cutting effective prices to lock in tenants, heading off a flood of sublease space and a coming supply increase in a busy part of the Bay Area ringed with new developments. 
The shift, a “remarkable” market adjustment, according to a recent analysis from Newmark, is “substantially reducing occupancy costs for tenants,” and analysts see it as a sign of a key market shift. 
“Smart landlords are addressing the situation,” Newmark Executive Managing Director Eric Bluestein said. “They've been proactive trying not to get lost in the dust, so they've gotten…
Source: Bay Area Biotech Landlords Sweeten Deals For Tenants As Wave Of Available Space Grows