Asia Pacific life-sciences sector to provide upside to landlords

Rapid expansion in the life-sciences sector will provide substantial opportunities for commercial-property owners and developers in Asia Pacific, as real estate becomes a priority for companies that provide health and medical products and services, according to research by Jones Lang LaSalle (JLL).

Life sciences-focused companies in Asia Pacific are primed to expand significantly between now and 2025, JLL found, with access to highly specialized spaces – including research and development (R&D) labs and medical offices – seen as a catalyst for unlocking the sector’s growth potential.

JLL interviewed real estate and facilities management professionals in life-sciences companies across Asia Pacific and found that more than three-quarters (76 percent) believe the operational performance of the sector will improve in the next three years. Respondents stressed that new income streams, including the development and roll-out of COVID-19 vaccines, the production and