NIH funding into U.S. life science sector on pace for another record-setting year

graph of NIH funding amount vs. the percent distributed toward lab/R&D occupiers from 2014 to 2024 in the life science and healthcare sector
  • As of mid-August 2024, funding from the National Institute of Health (NIH) into the life science and healthcare sector has reached $26.4 billion, putting it on track to surpass 2023 levels and set another annual record in government spending from the federal agency.
  • Historically, the NIH has targeted their investments in higher education and independent hospitals with a notable upward trend in capital investment allocated to commercial lab occupiers, such as domestic for-profits, non-profits and research institutes.
  • Funding from the NIH in 2024 is expected to break this trend by decreasing the amount granted to commercial lab users. Occupiers who traditionally lease competitive lab space are feeling the pinch from the NIH, which could impact their real estate decision-making in the future.

September 5, 2024

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