Boston, San Francisco, New York, and San Diego rank as the top life sciences markets in the US, according to a new Yardi CommercialEdge report, which weighed the amount of space devoted to the asset class, the pipeline, and the potential local hiring pool.
Given advances in medical research and technology, life sciences industries are experiencing demand "like never before," CommercialEdge said, and "they also fuel the necessity for well-educated R&D talent, world-class facilities, and a supportive economy."
Looking at 2018 through 2022, half of the markets in the Yardi CommercialEdge research saw double-digit percentage growth in the number of local life sciences establishments during the five years.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
