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Market Highlights
- Overall vacancy declined 160 basis points year over year to 37.6% from 39.2%, signaling a slight positive shift in the market.
- VectorBuilder announced a $50-million investment in a new 35,000-square-foot (sf) life sciences facility on Chicago’s South Side, targeting a 2027 opening and further expanding the region’s biotech and CDMO ecosystem.
- Singerman Real Estate has listed a 300,000-sf research portfolio at Skokie's Illinois Science & Technology Park, leased to Vetter Pharma, UL Solutions, Charles River Laboratories and LanzaTech.