Boston and San Diego are not the only hubs for life science investments. Increasingly, secondary markets are appealing to both established companies and start ups in this space and are finding success in Phoenix, Denver, Seattle, Philadelphia, Atlanta, and parts of Florida.
Tenants are focusing on precise selection criteria based on labor and geographic synergies, JP Bacariza, Vice President and Southeast Market Leader, for Ryan Companies, tells GlobeSt.com.
"The labor requirements of life sciences users and tenants draw them to areas where they already have existing operations or are adjacent to competing organizations where they can take advantage of the abundant labor force."
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