CBRE highlights 6 markets with rapidly growing life science clusters

  • Life science real estate is hot, with the lab space square footage growing by almost 12% across the US in the last year, according CBRE report detailing growth in the largest biotech clusters. 
  • CBRE’s report highlighted the 13 largest biotech clusters and the top 10 emerging clusters, showing how record amounts of funding from the National Insitutes of Health and venture capital are translating to the real estate markets.
  • Business Insider highlighted 6 clusters that are seeing large amounts of growth, whether they’re established but growing very rapidly, like New York City, or they’re emerging, like Pittsburgh and Houston.
  • Visit Business Insider’s homepage for more stories.

Real estate to house pharmaceutical, biotech, and other medical research professionals is growing at a rapid pace and rents continue to rise, a sign that tenant demand can support the increasing attention on life sciences from institutional investors and developers. 

Lab space has grown

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CBRE Group: Servicing The Real Estate Industry (NYSE:CBRE)

Buy land, they’re not making it anymore. – Mark Twain

A key issue for investors today is how life will be different on the other side of this pandemic. Real estate, particularly office and retail, is especially in focus as investors expect work-from-home and online shopping trends accelerated shifts that would have taken years to achieve otherwise. Though noting that retail weakness could be offset by industrial real estate, e-commerce boosts the demand for warehouse space across the country.

The path forward for office real estate is less clear as select companies commit to long-term work-from-home arrangements, while others are starting to call employees back. It seems likely that some in-person work will remain an essential aspect of future work arrangements, and a move to less dense office could also help support occupancy levels.

Considering alternative ways to gain exposure to real estate, let’s look instead at a servicer. CBRE

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