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Life Sciences Rising as an Asset Class

Institutional investors see opportunity in these specialized buildings, and many cities want to grow their own life sciences clusters.

bos-innovation-square (3) Innovation Square in Boston’s Seaport District. Phase I of the project by Boston developer Related Beal, Danvers, MA-based Kavanagh Advisory Group and JLL will bring 125,000 SF of life sciences space to an urban area.

CHICAGO—Life sciences companies large and small continue to pay top dollar for amenities-rich locations and facilities in a select group of top US markets, according to JLL’s latest Life Sciences Outlook. Year after year, the metro areas of Boston, San Francisco, San Diego and Raleigh-Durham have proven most attractive to this research-heavy industry. But that does not mean no changes will occur in the sector over the next few years.

“Like any industry, life sciences are trying to attract and retain talent,” Roger Humphrey, executive managing director and leader of Chicago-based JLL’s life sciences group, tells GlobeSt.com. “And that means serving a multi-generational workforce.”

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Brian J. Rogal

Brian J. Rogal

Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.

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