Why the West Coast Benefits From Having Multiple Life Science Hubs

Shawn Stiles, JLL EVP in Los Angeles.

JLL recently released its Life Sciences Outlook and GlobeSt.com checked in with multiple west coast markets on how they think their particular market benefits from the region having multiple life science hubs. 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: How does your market benefit from the West Coast having multiple life science hubs?

Stiles:  I think that the West Coast in general benefits from having multiple life-science hubs as life science firms up and down the coast continue to partner together and do work together as a region.  Los Angeles in particular benefits as typically Los Angeles is a more affordable market compared to San Diego, San Francisco/Bay Area and/or Seattle.  This affordability, coupled with the huge presence of 25 universities and research institutes, our huge labor base and or incredibly attractive lifestyle is attractive to many life science firms.