The innovation engine is shifting into high gear
The life sciences industry was thrust into the spotlight amid the COVID-19 pandemic, viewed as a hopeful solution to the crisis, and as an attractive pursuit for venture capitalists and real estate investors. But momentum had been building for decades – and like the technology boom that grew out of Silicon Valley over the last 20 years, the life sciences industry is on a trajectory of similar expansion.
With over 46 markets examined across the U.S. and Canada, JLL’s 2021 Life Sciences Outlook shares a new ranking methodology that reveals Philadelphia as one of the top 10 life sciences cluster markets and examines opportunity for continued growth relative to talent, industry depth, innovation, and lab real estate dynamics. The report also addresses three critical questions that are shaping fundamental trends in the industry:
- What’s driving growth and how much further can it go?
- How much longer can tenant demand sustain its current pace?
- What are investors doing to meet the swell of demand and will there be enough supply to support this growth?
Download JLL’s report for full details on the cluster ranking and key drivers of the life sciences exponential growth.
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