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How the Genomics Industry Is Impacting SD Real Estate

Genomics has the promise of significant new job growth, which always translates into demand for commercial real estate space since companies will need the space to accommodate growth, CBRE’s Bill Bacon tells GlobeSt.com.

Bill Bacon Bacon: “We are seeing genomics and radiology converge toward innovative new treatment methods. This will lead to less lab and more tech-like R&D and office space, which will likely include other radiological and medical-diagnostic technologies.”

SAN DIEGO—Genomics has the promise of significant new job growth, which always translates into demand for commercial real estate space since companies will need the space to accommodate growth, CBRE EVP Bill Bacon tells GlobeSt.com.

Personalized medicine and technology are shaping the future of healthcare as we know it, with San Diego’s genomics companies, research institutions and universities at the forefront. Quantifying this impact, San Diego Regional EDC recently released the first-ever study on the San Diego region’s genomics industry, which the organization completed along with CBRE. “Cracking the Code: The Economic Impact of San Diego’s Genomics Industry” includes a comparative analysis of the top ten US metros for life sciences, as well as an assessment of local genomics-related firms, jobs, venture capital and more.

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Carrie Rossenfeld

Carrie Rossenfeld

Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.

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