Publications

Research - JULY 23, 2021

To read this full article you need to be subscribed to Newsline.

Sign in Sign up for a FREE subscription

Biotech revolution accelerates demand for lab space

by Andrea Zander

Boston, the San Francisco Bay Area and San Diego remain the premier markets for life sciences real estate, with demand across all major markets growing by 34 percent since mid-2020, according to CBRE.

The more than 15.6 million square feet of speculative construction under way as of first quarter 2021 is still not enough to meet current tenant requirements for lab space. The prospect of oversupply from conversions of other property types to lab/R&D space has not materialized through early 2021. And rents continue to grow quickly, particularly in ascendant markets such as Philadelphia and Washington, D.C.–Baltimore.

 

To read the full report, click here.

Forgot your username or password?

We use cookies and other tracking technologies to personalize your user experience on our site and perform site analytics. By clicking on “I accept”, you consent to our Privacy Policy.