The life science real estate train, which just a few years ago was reaching supersonic speeds, is now pressing down firmly on the brakes.
The D.C.-Baltimore region is one of the largest life sciences clusters in the U.S., and like its peers, it's dealing with a slowdown. Biotech companies that were previously growing rapidly were hit last year by rising interest rates, slowing venture capital funding and the collapse of industry backer Silicon Valley Bank, leading to a dramatic pullback in their real estate demand.
But the D.C. region has an advantage over other top markets during this slowdown, experts say:…
Source: In Nation's Tightest Life Sciences Market, There Is Little Appetite To Build More Space
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