Life Science: Great Promise & Rapid Growth

TABLE OF CONTENTS INTRODUCTION Economic Factors Impacting the Life Science Sector 4 EMPLOYMENT 5 POPULATION 6 FUNDING 8 IMPACT ON REAL ESTATE MARKET-BY-MARKET ANALYSIS Primary Life Science Clusters 14 BALTIMORE 16 BOSTON 18 MONTREAL 20 NEW JERSEY

22 NEW YORK CITY 24 PHILADELPHIA 26 RESEARCH TRIANGLE, NC 28 SAN DIEGO 30 SAN FRANCISCO EAST BAY 32 SAN FRANCISCO & PENINSULA 34 SEATTLE/PUGET SOUND 36 TORONTO 38 WASHINGTON D.C. METRO (SUBURBAN MARYLAND) 40 APPENDIX Definitions