2023 September Life Sciences Update

The Number of Clinical Trials in a Market can Be an Indicator of Future Space Requirements

› Markets with the greatest number of currently active clinical trials also have large research institutions, including universities and research hospitals. › Additionally, these markets tend to have large population centers from which researchers can attract and select enrollment for trials. › Enrollment of active trials averages approximately 3,000 enrollees per trial, when removing an outsized single trial in Oxford, UK.

Active Clinical Trials Enrollment by Market

Active Trials Enrollment

7

35

6

30

5

25

4

20

Key Takeaway: Clinical trials, as well as enrollment, can impact space requirements of occupiers. Some trials with significantly large enrollments may require additional office space and dry labs.

3

15

2

10

Enrollment (In Millions)

1

5

Number of Active Trials (In Thousands)

0

-

Source: Clinicaltrials.gov

26 / CUSHMAN & WAKEFIELD

LIFE SCIENCES SEPTEMBER 2023

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