San Diego

Life science is among the fastest growing real estate sectors in the country—and San Diego is one of the top five hubs for the industry. As a result, San Diego is flourishing, and in 2020, life science activity is expected to be one of the main drivers of market growth.

San Diego's life science market is dynamic, all starting with a strong foundation. "San Diego has a proven foundation as a hotbed for scientific talent and innovation," Greg Bisconti, executive director and national practice group leader or the life sciences advisory group at Cushman & Wakefield, tells GlobeSt.com. "It is widely regarded as the third largest life sciences hub in the country with a 20 million square foot life sciences inventory base and growing."

Capital and innovation are essential to the strength of the life science industry. Currently, capital investment is at an all-time high, helping to drive innovation. "San Diego has a very broad cover of life sciences with its 50-plus years as a research hub- starting with Scripps and Salk, and growing to over a dozen research institutes and universities," Bisconti says. "UCSD alone regularly pulls in over $1B per year in sponsored research and growing. As such, we have a deep pool of talent and a replenishing base of skilled researchers and innovators."