Life Sciences 2020: The Future is Here

TOP VC-FUNDED COMPANIES (2019)

COMPANY

ROUND

MONEY RAISED

LEAD INVESTORS

10x Genomics

6

$35.0M

Demetrix

2

$30.0M

Tuatara Capital

Purigen Biosystems

3

$26.4M

Agilent Technologies

Metagenomi

1

$26.4M

HOF Capital

BioAge

2

$23.0M

Rainier Therapeutics

6

$20.0M

Lucira Health

3

$16.8M

Seraph Group

Lygos

3

$15.0M

LG Technology Ventures

Mercator MedSystems

5

$14.3M

Salubris

Demetrix

1

$11.0M

Horizons Ventures

INVENTORY/GROWTH PROJECTION

RENT VS. VACANCY COMPARISON

10

$0.00 $10.00 $20.00 $30.00 $40.00 $50.00 $60.00

10.0% 15.0% 20.0% 25.0% 30.0% 35.0%

Asking Rents

Vacancy Rate

9.2

9.0

8.9

9

Vacancy Rate

8.3

MSF

8

0.0% 5.0%

Average Asking Rent $/sf

7

2019

2020

2021

2022

Source: Cushman & Wakefield Research

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

Source: Cushman & Wakefield Research

SUBMARKET STATS

AVG. ASKING RENT (NNN)

INVENTORY (SF)

VACANCY

North 880

$33.24

4.4M

5.2%

Central 880

$13.08

1.4M

16.0%

South 880

$29.04

2.5M

8.2%

NOTABLE LEASE TRANSACTIONS (2019)

TENANT

SF

LANDLORD

ADDRESS

SUBMARKET

LEASE TYPE

Zymergen

285,000

BioMed Realty

5300 Chiron Way Emeryville

New Lease/Expansion

Exelixis, Inc.

96,879

Ascentris/Hillwood

1601 &1701 Harbor Bay Parkway

Alameda South

New Lease/Expansion

Soraa Laser Diode

66,653

BioMed Realty.

6500 Kaiser Drive Fremont North Ardenwood Renewal

Pivot Bio

45,365

Wareham Development 2910 7th Street

Berkeley West

New Lease

NOTABLE SALE TRANSACTIONS (2018-2019)

ADDRESS

SUBMARKET SF

BUYER

SELLER

PRICE CAP

TENANTS

Marina Village Portfolio Fremont Research Center

North 880 (Alameda) South 880 (Fremont)

1,012,288 DRA Advisors

Brookfield Properties

$267.0M 5.25%

Ology Biosciences

191,030

Dermody Properties

Equus Capital Partners

$36.5M Unknown Confluent, Acist

5300 Chiron Way North 680 (Emeryville)

285,000

Biomed Realty

Novartis

$135.1M Unknown Zymergen

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Contributor: Robert Sammons, robert.sammons@cushwake.com