According to a CBRE report, total leasing activity in 2022 by life sciences firms stood at 2.4 million sq ft, similar to 2021 and pre-pandemic average of 2.5 million sq ft in 2019. The sector also stood among the top 6 sectors in India that led office leasing activity during 2022. The annual life sciences sector leasing crossed the pre-COVID levels in 2021 and 2022, specifically led by healthcare sub-sector.
