Q3 2022 Lab Market Overview - I-270 Corridor Suburban Maryland
Tenant demand is down
As VC funding in the sector experiences major drawbacks, VC-backed companies are seeking to stretch their burn rates, causing leasing decisions to be delayed or stopped entirely.
Supply continues to increase
Landlords are eagerly converting outdated office and industrial assets to laboratories. New development is also showing no signs of slowing down as interest from prominent landlords remains strong.