Healthcare Real Estate

Blackstone is commencing a go-shop process on behalf of BioMed's current investors.

"Strong and growing capital flows into the life science sector are accelerating innovation and discovery."

From 2009 to the end of 2019, lab space in the United States grew from 17 million to 29 million square feet.

For two straight quarters, the sector has seen occupancies decline.

The race to produce a COVD-19 vaccine has accelerated growth in major life science markets across the US.

"The life science industry is thriving," says CGS3 attorney Dawn Saunders, who has seen more capital entering the market.

COVID presents an opportunity to think differently about space and ways of working, so outfitting offices with flexible solutions that can adapt as a company's needs change is critical, says Nick Williams of COREoi.

One sector of the Bay Area economy that continues to grow despite the COVID-19 lockdown is research and development, particularly in life sciences, sustainable food and technology.