Life Science Firms Ramp Up Leasing in 3Q18

Grant Schoneman

San Diego’s life science tenants helped to ramp up leasing activity in the third quarter. There were three large life science lease transactions, defined as leases 50,000 square feet or more, during the third quarter, according to the recent life science report from JLL.

“The overall growth of the life science sector has caused revenue to increase among a number of San Diego’s prominent firms, causing subsequent growth in real estate needs,” Grant Schoneman, managing director at JLL, tells GlobeSt.com. “An example of this was the Trilink Biotechnologies transaction that was signed early in the third quarter. Trilink Biotechnologies, a local San Diego firm that has seen exceptional growth over the past few years, signed a lease  to move into a new 100,000 square foot facility.”