Covid drives historic demand for life sciences real estate and these REITs, report says

  • Venture-capital investment in the life sciences sector grew to a record rolling annual total of $17.8 billion in the second quarter.
  • Covid-19 is accelerating an already growing demand for real estate in the sector.
  • “The biotech sector may be the single most attractive subsector within commercial real estate today,” said Spencer Levy, chairman of Americas research and senior economic advisor for CBRE.



a person standing in a room: Research associate Sachi Johnson works at Sorrento Therapeutics where efforts are underway to develop an antibody, STI-1499, to help in prevention of the coronavirus disease (COVID-19) in San Diego, California, May 22, 2020.


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Research associate Sachi Johnson works at Sorrento Therapeutics where efforts are underway to develop an antibody, STI-1499, to help in prevention of the coronavirus disease (COVID-19) in San Diego, California, May 22, 2020.

All the fundamentals are aligning for the life sciences industry, as Covid-19 accelerates already growing demand for real estate in the sector.

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Rents are rising for lab space, vacancies are plunging and research and development, and employment and new development are expanding further, thanks to strong venture capital investment. 

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Armenia-Azerbaijan conflict drives thousands from their homes as death toll mounts

Moscow — Fighting between Armenian and Azerbaijani military forces over the breakaway region of Nagorno-Karabakh continued Wednesday for the 11th day, with no sign of a ceasefire. More than 300 people have reportedly been killed since the long-simmering dispute erupted in violence on September 27.

The two nations have disputed ownership of the mountainous enclave since becoming independent with the breakup of the former Soviet Union. Nagorno-Karabakh is internationally recognized as part of Azerbaijan, but it has been run autonomously by and is primarily populated by ethnic Armenians.

An official from the regional administration said Wednesday that the fighting had already driven half of Nagorno-Karabakh’s civilian population out of their homes.

Displaced Civilians Arrive In Armenia As Nagorno-Karabakh Clash Grows
Vartanush Avakyan, 92, waits on a bus to ride to Yerevan, Armenia, after leaving her village of Gandzasar due to fighting in the Nagorno-Karabakh region, October 6, 2020 in Goris, Armenia.

Brendan Hoffman/Getty


“According to our preliminary estimates, some

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