Christine Mackay Christine Mackay

The bioscience market is taking off in Phoenix. The market has more bioscience and healthcare facility product under construction than any other market in the US, according to research from CBRE. In the next 24 moths, there is more than $3.5 billion in capital investment, which equates to 4.4 million square feet of construction activity, planned in the market. This market growth comes on the heels of significant job, population and economic growth in the Greater Phoenix market.

“We're fortunate in Phoenix to host and grow a very modern healthcare infrastructure and a variety of research institutions making significant bioscience and healthcare breakthroughs,” Christine Mackay, director of Phoenix community and economic development at the City of Phoenix, tells GlobeSt.com. “We have scientists and researchers making amazing discoveries in genomic, molecular medicine and curing cancer. Phoenix offers bioscience and biotechnology businesses an affordable, diverse and collaborative environment. The entire spectrum of research, from discovery to development, from growth to delivery; it's all part of the Phoenix bioscience and healthcare community.”

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.