Academic research makes a key contribution to the viability and competitiveness of U.S. technology in the new global markets, as well as to the quality of life of citizens. This report provides a broad quantitative picture of the cost, availability, and the condition of existing research facilities. Data on current spending, sources of support, and future plans for construction and renovation are also included. Highlights of the report include: (1) research space at universities and colleges increased by 9% since 1988 when the first survey data were gathered; (2) from 1988 to 1992, the amount of academic research space reported as being "suitable for use in the most highly developed and scientifically sophisticated research" increased by 22%; (3) doctorate-granting institutions contained 96% of all academic science and engineering research space; and (4) the 70 research-performing historically black colleges and universities represented about 2% of the national total for research space. (PR)