Lab leasing is showing small signs of improvement in select markets across the U.S., offering a glimmer of hope for landlords stuck in a supply glut for more than two years.
But underneath the leasing announcements trumpeted by landlords is a picture of sliding rents and growing concessions, increasingly offered to tenants outside of life sciences in an effort to fill excess space. 
“It may not be great to have all of that chaff in the overall market, but we have additional sources of absorption outside of life sciences that we may expect to take some of this additional space,” said Travis McCready, head…