Investors Are Following the STEM Talent

Space Investment Partners, a newly launched investment firm that is planning to take advantage of the changes in the commercial real estate market, is planning to invest in markets with high concentrations of STEM talent. STEM—which stands for science, technology, engineering and math—talent is in high demand by many companies, and Space believes that markets with STEM talent will need office as well as multifamily, retail and industrial space to support employees.

“We have changed from a society where talent chased companies to a society where companies chase talent. Where the talent decides to go, companies will set up shop. That is why you are seeing a lot of companies moving their suburban campuses into cities. That is where talent is,” Ryan Gallagher, founder of Space Investment Partners, tells GlobeSt.com.

This shift in the way that companies are looking for talent has inspired Space’s investment strategy to target STEM markets. “We are following STEM talent closely. We believe that the companies developing the widgets of tomorrow are going to need some level of STEM talent,” explains Gallagher. “When you think through where you find that, we are looking at not only the areas that produce STEM talent as well as the areas that retain it. Some areas that produce it, but the talent leaves and goes to other markets.”