Life sciences occupiers are flocking to the Asia Pacific region, lured by its proximity to quality talent and strong consumer markets, according to JLL’s May 2022 report, Life sciences in Asia Pacific: A booster for growth.

The survey gathered insights from life sciences organisations about their views on the sector’s outlook, its implications on their future real estate needs and the opportunities emerging for real estate developers, occupiers and investors.

JLL found that the life sciences sector’s profile and profitability, boosted by the pandemic, is further driving confidence for the future. More than three-quarters of the more than 150 corporate real estate and facilities management professionals surveyed by JLL across Asia Pacific believe the outlook for life sciences in the region will improve between now and 2025.

Occupiers in the sector are not only looking to take up more space but are also increasingly seeking longer leases or ownershi