Life Science: Great Promise & Rapid Growth

OCCUPANCY COSTS FOR CLASS A LAB SPACE BY TOP LIFE SCIENCE MARKETS ($/PSF)

Boston (Cambridge) Boston (Cambridge)

SF City

SF City

SF Peninsula SF Peninsula

San Diego San Diego

Seattle

Seattle

Research Triangle Research Triangle

SF East Bay SF East Bay

0

20

40

60

80

100

120

0

20

40

60

80

100

120

Base Rent Base Rent

CAM/Ins RE Tax Utilities CAM/Ins RE Tax Utilities

TYPICAL ANNUAL SPEND: LIFE SCIENCE COMPANIES

67%

67%

20%

13%

20%

Real Estate Employees R&D Expense 13% Real Estate ployees R&D Expense

Source: Data developed by Cushman & Wakefield based on surveys of local market experts.

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