Newmark：2025年北加州（湾区）生命科学房地产市场报告（英文版）

Market-wide vacancy rose to 29.5% this quarter, up from 28.0% last quarter. The total availability rate increased to 32.1%, up from 30.7% in the previous quarter. Sublease availability rose to 5.7%, up from 5.2% last quarter but down from 6.9% one year ago. Deal activity in the Bay Area market remained steady in the second quarter of 2025, continuing the strong momentum carried over from the close of 2024. Total gross absorption reached 913,000 SF during the quarter—a modest dip from 1.0 million