Life sciences leasing breaks annual record in five months

Life sciences leasing in New York is going at full steam with no signs of stalling. The sector topped an annual high this month with 257,000 square feet leased, far and above the 156,000 square feet rented in all of 2020, according to a CBRE analysis reported by the Commercial Observer. Mayor Bill de Blasio said Wednesday that the city would throw at least another $500 million into life sciences development, bringing total investment up