2022 March Life Sciences Update

Sector Growth = Increased Demand for Lab Space

Growth in the life sciences sector has directly translated into increased demand for lab space across major markets. Coupled with strong capital flows, life sciences companies have increased their footprint in most markets, driving up rents and increasing occupancies. This uptick has attracted more jobs and more talent to the sector as evidenced by the growth of employment. Investors are trying to keep up with this demand in 10 key U.S. markets with the current robust construction pipeline totaling 17.1 million square feet (msf).

9 / CUSHMAN & WAKEFIELD

LIFE SCIENCES 2022 MARCH UPDATE