Bay Area Life Sciences Sector Faces Rising Vacancies Amid VC Funding Decline
San Francisco, California – The Bay Area's life sciences industry is encountering a significant shift as venture capital (VC) funding dwindles, leading to an increase in vacancy rates across the region. Avison Young's latest report, released on February 13, 2024, highlights the stark downturn in investments, with VC funding barely surpassing $500 million in Q4 2023, a dramatic drop from the booming figures exceeding $2 billion per quarter seen from 2020 to mid-2022.
Exclusive Access: Unlock Premium, Confidential Insights
Unlock This Exclusive Content—Subscribe Instantly!
Login if you have purchased
