The average rent per square foot in the largest research and development (R&D) and life science real estate markets in the United States varied greatly in the first half of 2023. New York City, Chicago, and San Francisco Bay Area were the most expensive markets to rent life science real estate in the first half of 2023. On average, a square foot of life science real estate cost about 1,055 U.S. dollars to buy in the same period.
Average square footage rent in the largest R&D and life science real estate markets in the United States in first half of 2023
(in U.S. dollars)
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Statista. (October 3, 2023). Average square footage rent in the largest R&D and life science real estate markets in the United States in first half of 2023 (in U.S. dollars) [Graph]. In Statista. Retrieved March 15, 2025, from https://www.statista.com/statistics/1345284/average-rent-of-life-science-real-estate-usa/?__sso_cookie_checker=failed
Statista. "Average square footage rent in the largest R&D and life science real estate markets in the United States in first half of 2023 (in U.S. dollars)." Chart. October 3, 2023. Statista. Accessed March 15, 2025. https://www.statista.com/statistics/1345284/average-rent-of-life-science-real-estate-usa/?__sso_cookie_checker=failed
Statista. (2023). Average square footage rent in the largest R&D and life science real estate markets in the United States in first half of 2023 (in U.S. dollars). Statista. Statista Inc.. Accessed: March 15, 2025. https://www.statista.com/statistics/1345284/average-rent-of-life-science-real-estate-usa/?__sso_cookie_checker=failed
Statista. "Average Square Footage Rent in The Largest R&d and Life Science Real Estate Markets in The United States in First Half of 2023 (in U.S. Dollars)." Statista, Statista Inc., 3 Oct 2023, https://www.statista.com/statistics/1345284/average-rent-of-life-science-real-estate-usa/?__sso_cookie_checker=failed
Statista, Average square footage rent in the largest R&D and life science real estate markets in the United States in first half of 2023 (in U.S. dollars) Statista, https://www.statista.com/statistics/1345284/average-rent-of-life-science-real-estate-usa/?__sso_cookie_checker=failed (last visited March 15, 2025)
Average square footage rent in the largest R&D and life science real estate markets in the United States in first half of 2023 (in U.S. dollars) [Graph], Statista, October 3, 2023. [Online]. Available: https://www.statista.com/statistics/1345284/average-rent-of-life-science-real-estate-usa/?__sso_cookie_checker=failed
