Avison Young has reported that there has been a decline in venture capital funding for life sciences in the Bay Area, resulting in a rise in vacancies in the sector. In the fourth quarter of 2023, VC funding barely surpassed $500 million, compared to the boom in funding seen from 2020 to mid-2022, when quarterly funding regularly exceeded $2 billion. Avison Young suggests that the decrease in funding is due to the waning allure of biopharmaceutical investments and the increasing focus on the AI industry. As a result, more life science companies are choosing to sublease their spaces, leading to a steady increase in vacancies since 2022. With over seven million square feet of life science space currently under construction, the market is likely to face a vacancy issue in the coming years.
Surging Job Opportunities in Bay Area’s Thriving Life Science
Latest from Blog
Arch Venture Partners secures over $3bn for Fund XIII
TLDR: Arch Venture Partners has raised over $3 billion for Fund XIII. Investors in the fund include Alaska Permanent Fund and Rockefeller Brothers Fund. In a recent development, Arch Venture Partners has
Raising Your First Venture Fund: Tips for Success
TLDR: Samir Kaji, a seasoned venture capital professional, shares a six-point plan for raising a venture fund as a first-time fund manager. Key steps include staying focused on a niche, not worrying
Exploring China’s Quantum Computing Breakthrough and VC Trends
TLDR: ONCO stock surged over 80% in pre-market after Altos Venture acquired a stake Chinese low float stocks like DUO rose over 40% in sympathy with large caps Summary: The article discusses
The Blindspot: Venture Capitalists’ Go-To Tool with Fatal Flaw
TLDR: Nader Al-Naji, founder of Bitclout, was arrested for an alleged crypto scam involving VC giant Andreessen Horowitz as a victim. VCs’ pattern matching led them to invest in Al-Naji despite red
Korean startups seek corporate investors in challenging ecosystem climate
TLDR: Korean startups are seeking corporate investors as funding becomes harder to secure. The government in South Korea has relaxed CVC rules to attract more foreign investment. Korean startups are facing a