Boston, the San Francisco Bay Area, and San Diego are once again the top markets for life sciences commercial real estate in the U.S., with plenty of opportunities for growth as biotech readies for a comeback, according to a...more
The average vacancy rate for laboratory and research and development space across the top 13 U.S. life sciences markets stood at 9% in the second quarter, up more than four percentage points from a year earlier and more than...more
8/25/2023
/ Biopharmaceutical ,
Biotechnology ,
Commercial Buildings ,
Commercial Leases ,
Commercial Real Estate Market ,
Construction Project ,
Hospitals ,
Laboratories ,
Life Sciences ,
Moderna Inc. ,
Vacant Properties
California was, by January 1, 2023, home to nearly 470,000 jobs that generated $413.7 billion in total business output in 2022, according to Biocom California’s 2023 Economic Impact Report. This represents a nearly 8 percent...more
7/19/2023
/ Biotechnology ,
California ,
Commercial Buildings ,
Commercial Leases ,
Commercial Real Estate Market ,
Job Market ,
Laboratories ,
Life Sciences ,
Real Estate Investments ,
State and Local Government ,
Technology ,
Venture Capital
California’s lab and biotech industries provide 435,693 jobs that generate $376 billion in total economic output, according to a new report from Biocom California, an association representing life sciences companies and...more
1/9/2023
/ Biotechnology ,
Clinical Laboratories ,
Construction Project ,
Funding ,
Investors ,
Life Sciences ,
Manufacturers ,
Medical Devices ,
National Institute of Health (NIH) ,
Popular ,
Research and Development ,
Venture Capital
The slowdown in funding for the life sciences sector over the second half of 2022 has been pronounced. Carta, a firm that tracks startup investments, found that biotech seed funding, which hit quarterly peaks of roughly $400...more
Life science outlook remains strong: Cushman & Wakefield - Commercial Property Executive – October 27 - Despite concerns about the overall economy, inflation, higher interest rates, and a potential shortage of qualified...more
Newmark: U.S. life sciences investment dips but main hubs dodge headwinds - Commercial Observer – September 29 - Overall investment in the national life sciences market is shrinking, but the drop in venture capital funding...more
10/10/2022
/ Biotechnology ,
Clinical Laboratories ,
Commercial Property Owners ,
Commercial Real Estate Market ,
Commercial Tenants ,
Investors ,
Land Developers ,
Life Sciences ,
Popular ,
Real Estate Development ,
Real Estate Investments ,
Research and Development
Average sale price for U.S. life sciences properties hits record high Bullet Commercial Observer – August 17 According to a recent Newmark report, the national average sale price for a life sciences lab space reached a record...more
JLL report predicts wave of demand for biotech space - Propmodo – July 10 - The latest figures on gene and cell therapy research show a record number of regulatory approvals in 2022, which could lead to a surge in demand for...more
San Diego lab space is almost impossible to find Bullet Commercial Observer – May 26 According to JLL’s report for the first quarter of 2022, San Diego has less than 200,000 square feet of vacant lab space available, which...more
Developers look to office-to-lab conversions to meet life sciences demand Bullet GlobeSt.com – April 29 As demand for lab space among life sciences companies continues to skyrocket, developers are increasingly looking to a...more
5/10/2022
/ Biotechnology ,
Clinical Laboratories ,
Commercial Property Owners ,
Commercial Real Estate Market ,
Commercial Tenants ,
Investors ,
Land Developers ,
Life Sciences ,
Real Estate Development ,
Real Estate Investments ,
Research and Development
Life sciences sector asking rents and occupancy surge amid sky-high demand Bullet GlobeSt.com – March 25 As growth in the life sciences sector hits historic levels, demand for lab space across major U.S. cities has exploded,...more
A health crisis gives life to life sciences Bullet - Building Design + Construction – January 17 - In its 2021 report titled “Life Sciences on the Rise,” Cushman & Wakefield projects that as much as $90 billion in public and...more
Boston has been the undisputed center of the biotech industry for years, and the growth doesn’t appear to be slowing. Allen Matkins partner Martin Togni recently moderated a panel event in Boston to discuss the race for new...more
1/11/2022
/ Biotechnology ,
Clinical Laboratories ,
Commercial Property Owners ,
Commercial Real Estate Market ,
Commercial Tenants ,
Investors ,
Land Developers ,
Life Sciences ,
Real Estate Development ,
Real Estate Investments ,
Research and Development