Boston, San Francisco, New York, and San Diego rank as the top life sciences markets in the US, according to a new Yardi CommercialEdge report, which weighed the amount of space devoted to the asset class, the pipeline, and the potential local hiring pool.
Given advances in medical research and technology, life sciences industries are experiencing demand "like never before," CommercialEdge said, and "they also fuel the necessity for well-educated R&D talent, world-class facilities, and a supportive economy."
Looking at 2018 through 2022, half of the markets in the Yardi CommercialEdge research saw double-digit percentage growth in the number of local life sciences establishments during the five years.
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