Across most sectors of commercial real estate in New York City, be it offices, apartments and condos, retail spaces or hotels, landlords are grappling with a citywide supply influx, one that is pushing down asking prices and pushing up concessions. Yet, there is one sector that is 100% occupied, commands high rents and has startlingly low supply. NYU Langone Health An NYU Langone Health laboratory facility In New York City, finding a place for a research laboratory is not like finding a needle in a haystack. The city has about 1.7M SF of life science lab space, a tiny chunk of its 450M SF office supply. Those labs are 100% occupied, according to Transwestern, and the active pipeline is thin. "This has historically has been one of the most supply-constrained markets in New York City," Transwestern Research Manager Danny Mangru said. "New York City possesses all the necessary pieces for the life science industry. All it's missing is the supply." An asset c
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