PHILADELPHIA, PA—The US life sciences industryand the real estate that it occupies have ridden a wave of momentuminto this year that has positioned various industry hubs—includingPhiladelphia—for continued growth, according to a new report fromCBRE.
Numerous indicators point to robust expansion for the lifesciences industry, including the 86 percent increase inventure-capital funding for US life sciences companies to $15.8billion for the year ended in September from the previous year.Additionally, life sciences lab space under construction in theindustry's five largest US markets expanded by 101 percent lastyear to six million square feet.
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