JLL recently released its Life Sciences Outlook and GlobeSt.com checked in with multiple west coast markets on that they will be the driving forces to life science growth in their market in the coming years. We chatted with Shawn Stiles, JLL EVP in Los Angeles; Grant Schoneman, JLL SVP in San Diego; Mike Deatley, JLL VP in Denver; Christan Basconcillo, JLL Research Manager in the San Francisco Bay Area; and David Cantwell, JLL EVP in Orange County, CA.
GlobeSt.com: What will be the driving forces to life science growth in your market in the coming years?
Schoneman: The driving forces in the San Diego life science market will be continued growth of the local genomics sector. Growth from companies like Illumina and Human Longevity, in addition to new genomics startup companies, will continue to drive growth in the coming years. UCSD will also be a large growth driver. The university secured more than $1 billion in R&D funding over the past 12 months and will continue to produce highly educated scientists that will develop new technologies and form new startup companies.
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