Market Highlights

• Alexandria Real Estate and Eli Lilly team up to expand their co-working lab, Gateway Labs, into San Diego with plans to open the 62,000 square foot (sf) space in the first half of 2024.
• After receiving 510(k) clearance for an over-the-counter rapid COVID-19 test, ACON Laboratories subleases nearly 100,000 square feet (sf) of space from Thermo Fisher to close in 2023.
• Drug discovery and biotechnology companies received nearly half of San Diego life sciences venture capital funding in the last quarter of 2023.

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