Market Highlights

• Overall vacancy decreased by 30 basis points year over year to 14.1% from 14.4% in Q2 2025, while total available space remained essentially unchanged.
• ChemPacific Corporation acquired the 77,250-square-foot (sf) life sciences and research facility at 6411 Beckley Street in Baltimore for $4.1 million, establishing the property as its U.S. headquarters and primary R&D hub.
• Aletira Therapeutics launched as the first company fully incubated through the Blackbird Laboratories–Johns Hopkins partnership, establishing operations at the newly opened 35,000-sf Blackbird BioHub at City Garage in Baltimore.

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