There are early signs of recovery within the life sciences environment following a recent investment slowdown as venture capital is re-emerging, tenants are coming off the sidelines and average deal sizes are hitting all-time highs, according to a recent report from Cushman & Wakefield.
Its research manager, Sandy Romero, said venture capital funding is up nearly 20% YOY and the number of life sciences tenants searching for space is up over 22% since late spring.
During the third quarter, first-round commitments fell 23% YOY, while second and third rounds were 29% and 31% higher YOY respectively, indicating the market's preference for more established companies, Cushman & Wakefield reported.
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