Four tenants including Merck & Co. signed deals totaling 117,000 square feet at Spring House Innovation Park in Lower Gwynedd, contributing to an abundance of life sciences leasing that has occurred across the region so far this year.

Leases totaling more than 500,000 square feet were signed in Philadelphia and its suburbs during the first six months of the year and the rate of those deals is higher than many of the other major life sciences markets. When it came to leasing activity, the Philadelphia market outpaced areas that are hotbeds of life sciences activity including San Francisco and Raleigh-Durham, though it lagged behind San Diego. 

*Article courtesy of Philadelphia Business Journal

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