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​​​​​​​​​​​​​​​​​​​​​​Life Sciences Outlook | 2016

The overall cost of operating within the life sciences industry is rising due to increased lab rents in top-tier clusters, R&D costs and higher wages for skilled employees.

Life sciences real estate vacancy rates remain unfathomably low in top clusters like Boston and the Bay Area, and asking rents continue to rise. Meanwhile, secondary markets like Denver are seeing an uptick in leasing activity, and as vacancy rates slide these clusters are quickly becoming supply-constrained as well. 

So how are firms adapting their operating strategies to remain competitive in this fierce environment? We’ve identified four key industry themes to keep an eye on. 

What trends are driving this activity?

Questions about your real estate strategy? We help life sciences companies find the best space for their needs, and operate it efficiently and safely at the best possible cost.

How does this all impact life sciences clusters nationwide?

We once again scored top markets based on their life sciences employment, number of establishments, funding and patent generation.
See how clusters across the United States stack up.

Ranking Market Total employees Total # establishments NIH Funding
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Looking for more?

Download our complete report for a deep dive into these themes, clusters and submarket conditions.

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