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Real Estate - OCTOBER 16, 2020

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Pandemic stokes already robust demand for real estate in life sciences sector

by Released

The pandemic has accelerated momentum in the U.S. life sciences industry, particularly amid the race to produce a COVID-19 vaccine and develop other medicines for human ailments. The sector, which has reached new highs this year in R&D employment and venture-capital funding, is seeing a surge in demand for life sciences real estate in markets from longstanding centers like Boston to emerging hubs such as Pittsburgh, according to a new report from CBRE.

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