These Cities Are Coming For The 'Big Three' Life Sciences Markets

Growth in emerging markets like Raleigh-Durham, Los Angeles, and Washington DC are fueling serious competition.

By Lynn Pollack | September 16, 2021 at 07:15 AM

Boston, San Francisco and San Diego continue to rank among the top three cities nationally for real estate investment in the life sciences sector, but growth in emerging markets like Raleigh-Durham, Los Angeles, and Washington DC are fueling serious competition.

Historically, investors in the sector targeted legacy markets where industry clusters are most long standing, and where a vast inventory of lab properties already exist. But as buyer competition heats up in those markets, development activity has begun to push to secondary cities, according to JLL.

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