Following Dispatch Bio’s recent $216 million capital raise, Brandywine Realty Trust CEO Jerry Sweeney expressed optimism about the region’s life sciences sector, calling it in “recovery mode.”

“Green shoots on the capital raising front are emerging,” Sweeney noted, pointing to the funding as a positive indicator amid a challenging market.

The milestone is notable given the sharp decline in life sciences investment over the past few years, which has impacted Philadelphia’s commercial real estate landscape. After near-zero vacancy rates in 2021 spurred a wave of development, the region is now set to receive 1.25 million square feet of new lab space this year—despite significantly slower leasing activity.

*Article courtesy of Philadelphia Business Journal

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