Life Science: Great Promise & Rapid Growth

TOP VC-FUNDED COMPANIES (2018)

COMPANY

ROUND

MONEY RAISED LEAD INVESTORS

Zymergen

Series C

$400M

SoftBank Vision Fund

10x Genomics

Series D

$125M

Meritech Capital Partners

RefleXion Medical

Series C

$100M

The Rise Fund

Berkeley Lights

Series E

$95M

Nikon

Pact Pharma

Series B

$95M

GV

4D Molecular Therapeutics

Series B

$90M

Viking Global Investors

Pivot Bio

Series B

$70M

Breakthrough Energy Ventures

Cytek

Series C

$58M

3E Bioventures Capital and Northern Light Venture Capital

BioClin Therapeutics

Series B

$50M

Sofinnova Ventures and Ysios Capital

DiaCarta

Series B

$45M

Fortune Fountain Capital

InCarda Therapeutics

Series B

$42M

HealthCap and Sofinnova Ventures

Source: PitchBook, Crunchbase

SUBMARKET STATS

TOTAL BAY AREA STATS

AVG. ASKING RENT (NNN)

AVG. ASKING RENT

INVENTORY (SF)

INVENTORY (SF)

VACANCY

VACANCY

North I-880 (Richmond- Berkeley-Alameda) Central I-880 (San Leandro-Hayward- Union City)

San Francisco (Mission Bay)

$57.84*

2,287,404 0.0%

$45.52

4,156,498 7.4%

San Mateo County (Peninsula)

$60.09 17,875,076 7.0%

$18.00

1,464,257 6.2%

Santa Clara County $31.03

4,918,223

7.6%

South I-880 (Newark- Fremont)

$29.02

2,367,312 12.7%

East Bay

$34.83

7,988,067

8.8%

TOTAL BAY AREA $47.83

33,068,770 7.0%

*SF Asking Rate - Nothing is available and figure is reverting back to previous known rate. Recent deals done at $69.00 NNN

NOTABLE LEASE TRANSACTIONS (2018)

TENANT

SF

LANDLORD

ADDRESS

SUBMARKET LEASE TYPE

Orchard Therapeutics

152,995

LBA Realty

800 Corporate Wy

South I-880 New Lease

Dynavax

75,662

Wareham Development

1600 63rd St

North I-880 New Lease

Novartis

75,000 Wareham Development

1600 63rd St

North I-880 New Lease

Bionova Scientific, Inc. 56,958

Boccardo Properties

3100 Warren Ave, W.

South I-880 New Lease

Zogenix, Inc.

37,307

Wareham Development

1600 63rd St

North I-880 New Lease

31

Contributor: Cole Speers, cole.speers@cushwake.com