Cushman & Wakefield RETHINKING: The Shape Of Real Estate 2040

LIFE SCIENCES

LIFE SCIENCES FLOORSPACE FORECAST

INDEX (2023 = 100)

The Growth of the life sciences sector continues.

160

As a result of the continuing advancement of scientific progress, along with the growing public interest in the health, green and pharmaceutical industries, and the associated capital that has been geared towards its growth. An ageing population means that health concerns and the treatment and prevention of these are of increasing importance. Additionally, popular culture trends focusing on health and wellbeing are growing in momentum, with younger generations seeking healthier lifestyles, ranging from drinking and smoking less, to making changes to diets to billionaires pursuing eternal life. BY 2040, THE LIFE SCIENCES SECTOR WILL INCREASE BY 53.4%.

140

120

100

80

FORECAST

60

40

LIFE SCIENCES

20

2005

2010

2015

2020

2025

2030

2035

2040

CAGR

TOTAL

VOLUME CHANGE

2005-23

2023-40

2005-23

2023-40

2005-23

2023-40

LIFE SCIENCES

1.1%

2.6%

22.4%

53.4%

3.0M SQ FT

8.8M SQ FT

RETHINKING: THE SHAPE OF REAL ESTATE IN THE UK

21

CUSHMAN & WAKEFIELD

IENCES

LIFESC

LIFESC