Life science space supply far outstrips demand, fueling higher office vacancy rates [Seeking Alpha]
Alexandria Real Estate Equities, Inc. (ARE)
Last alexandria real estate equities, inc. earnings: 4/27 04:10 pm
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Source: Seeking Alpha
Since 2020, a record 33.5M square feet of life science space was delivered, and 26.4M square feet is still under development. "This year, it has become clear that developers over-responded to demand for lab space, leading to a supply glut in the sector," CommercialEdge said in its U.S. office market report. For example, in San Diego, IQHQ's $1.6B mixed-use Research and Development District downtown is expected to open with no biotech tenants, the report pointed out. The gap between supply and demand has become so wide that office owners have started listing empty life science buildings for general use, resulting in lower rates than they could get from life science tenants. "Unlike traditional office space, the long-term fundamentals for life sciences remain solid," said Peter Kolaczynski, director at CommercialEdge. "Still, it will take longer than originally anticipated for the space to be absorbed, as these projects are delivering into markets with more availabilities." In
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News
- Alexandria Announces Long-Term Lease at San Carlos Mega Campus [Yahoo! Finance]Yahoo! Finance
- Alexandria Real Estate Equities, Inc. Announces Long-Term 258,581 RSF Lease With Longstanding Tenant Vaxcyte, Inc. at the Alexandria Center for Life Science - San Carlos Mega CampusPR Newswire
- Alexandria Real Estate Equities, Inc. (NYSE: ARE) had its price target lowered by analysts at JMP Securities from $140.00 to $130.00. They now have a "market outperform" rating on the stock.MarketBeat
- Alexandria Real Estate Equities, Inc. (NYSE: ARE) was downgraded by analysts at Deutsche Bank Aktiengesellschaft from a "buy" rating to a "hold" rating. They now have a $112.00 price target on the stock, down previously from $135.00.MarketBeat
- Alexandria Real Estate Equities, Inc. Enables the Discovery, Development and Delivery of New Innovative Medicines That Are Key to Addressing Significant Unmet Medical NeedPR Newswire
ARE
Earnings
- 10/21/24 - Miss
ARE
Sec Filings
- 11/4/24 - Form 4
- 10/21/24 - Form 8-K
- 10/21/24 - Form 10-Q
- ARE's page on the SEC website