Life Sciences 2020: The Future is Here

EXECUTIVE SUMMARY

The promise of the gene is being realized right before our eyes. In 1952, James Watson and Francis Crick discovered the chemical structure of DNA. More than six decades later, the life sciences industry has changed our world in fundamental ways. Several engines make up the life sciences— biotechnology, pharmaceuticals, biomedical devices, genetics and genomics, and R&D, among others—and as each of these engines has fired up, they have boosted demand for lab space in key markets across the United States and Canada. Key Takeaways • Rapid technological advances and surging demand from an aging population are creating a positive environment for life sciences growth. • Over the next decade, demand for lab space is expected to rise as employment in this industry surges. • The upward trend in occupancy will tend to give this sector a degree of recession resistance, although, as always, conditions in individual markets can vary depending on supply.

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