Life Sciences 2020: The Future is Here

A strong talent pool and abundant research funding at University of Maryland and Johns Hopkins are driving the success of this market.

The second-largest life sciences market in national also boasts a vacancy rate close to 0%.

This market is historically dominated by Big Pharma but starting to see an influx of incubators.

Home to one of the world’s largest AI research superclusters, Montreal also benefits from low tax rates and strong government incentives.

The state has increasing numbers of small and mid-tier life sciences companies in recent years, including some noteworthy spinoffs.

This major market is gaining additional momentum as 2.6 million square feet of dedicated office and lab space will come online over the next three years.

The East Bay is primarily a start-up, equity backed market with steadily increasing demand.

The Greater Philadelphia region is one of the largest life sciences hubs in the U.S, employing more than 49,000 people in 800 life sciences companies.

The Raleigh/Durham area is the home of three major research universities, resulting in a ripe talent pipeline in addition to a low cost of doing business.

This dynamic life sciences region has had five straight years of positive net absorption in the nearly 20 million square feet of lab space.

The largest life sciences market in North America is home to major Bay Area research institutions including Stanford, UCSF and UC Berkeley.

Nearly 800 life sciences companies employ more than 36,000 people in the Puget Sound region, with biotech and R&D leading the charge.

Toronto houses more than one-third of Canada’s office inventory, and is home to more than one-half of the pharmaceutical companies in the country.

Vacancy has plummeted here as biotech companies in the I-270 Corridor and Frederick County experience explosive growth.