2023 September Life Sciences Update
Drug Trials Dominate the Global Clinical Trials Market
› Clinical trials drive real estate demand: › R&D Facilities – Lab space is needed for a variety of stages of drug development, including preclinical testing, formulation development, and clinical sample analysis › M&D Facilities – If a clinical trial is successful, companies may need additional space to produce and distribute the product at scale › Office Facilities – Substantial regulatory requirements often require additional administrative personnel to ensure compliance and successful project management › Phase 3 trials can involve thousands of patients and generally require the most space
The Number of Clinical trials Are Greatest in Markets With the Largest Research Facilities.
Early Phase 1 4%
Phase 4 9%
Phase 1 17%
Other 34%
Drug 38%
Phase 3 23%
Phase 1 | Phase 2
Key Takeaway: Space needs for life science companies can vary depending on the stage and type of clinical trials.
Biological 13%
Phase 2 | Phase 3
Phase 2 32%
Device 15%
Source: Clinicaltrials.gov
25 / CUSHMAN & WAKEFIELD
LIFE SCIENCES SEPTEMBER 2023
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