According to new surveys from DLA Piper, one of the hot areas of CRE is life sciences.
"This year's survey finds 57% of respondents indicating life science/biotech as an attractive opportunity, on par with 58% in the 2020 Survey and up by 14 percentage points from the 2019 survey," the DLA Piper report notes.
"Life science and life science-related real estate was gaining in popularity before the pandemic," John Sullivan, chair of DLA Piper's real estate practice, tells GlobeSt.com. "It wasn't as red hot as logistics before the pandemic, but it was popular. The pandemic shined a light on the importance, just on a society level, of the importance of research."
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