California was, by January 1, 2023, home to nearly 470,000 jobs that generated $413.7 billion in total business output in 2022, according to Biocom California’s 2023 Economic Impact Report. This represents a nearly 8 percent...more
7/19/2023
/ Biotechnology ,
California ,
Commercial Buildings ,
Commercial Leases ,
Commercial Real Estate Market ,
Job Market ,
Laboratories ,
Life Sciences ,
Real Estate Investments ,
State and Local Government ,
Technology ,
Venture Capital
According to a new CBRE report, the cumulative lab space in the 13 largest U.S. life sciences markets has expanded by 47% in the past five years to 181.7 million square feet. CBRE forecasts that figure will jump another 22%...more
Despite a strong start last year, venture capital funding for life sciences totaled $35.8 billion in 2022, down 28% from 2021, according to Cushman & Wakefield (C&W). Initial public offering activity also fell 90% from $14.5...more
Last year’s solid venture capital investment in life sciences was, as expected, focused on the big three markets of San Diego, Boston, and San Francisco. But as a recent Cushman & Wakefield report found, emerging markets saw...more
California’s lab and biotech industries provide 435,693 jobs that generate $376 billion in total economic output, according to a new report from Biocom California, an association representing life sciences companies and...more
1/9/2023
/ Biotechnology ,
Clinical Laboratories ,
Construction Project ,
Funding ,
Investors ,
Life Sciences ,
Manufacturers ,
Medical Devices ,
National Institute of Health (NIH) ,
Popular ,
Research and Development ,
Venture Capital
Average sale price for U.S. life sciences properties hits record high Bullet Commercial Observer – August 17 According to a recent Newmark report, the national average sale price for a life sciences lab space reached a record...more
What is the current situation in real estate as it relates to the life sciences industry? Simply put, the demand for space for both new and expanding life sciences companies is outstripping supply and is, in fact, at the...more