Despite Philadelphia Life Sciences Slowdown, Developers Stay Optimistic About Future

Despite Philadelphia Life Sciences Slowdown, Developers Stay Optimistic About Future

Most of One uCity Square was already leased before Wexford Science & Technology inaugurated the 400,000-square-foot life sciences building in January 2023. The impeccable timing aligned with the peak demand for life sciences space in the first half of 2022, according to Wexford’s Vice President of Development, Pete Cramer.

Currently, Wexford has shifted its attention to the next endeavor—a 200,000-square-foot life sciences building located nearby in University City at 3838 Market St. However, construction is currently on hold.

*Article courtesy of Philadelphia Business Journal

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