Life Sciences 2020: The Future is Here

TOP VC-FUNDED COMPANIES (2019)

COMPANY

ROUND MONEY RAISED LEAD INVESTORS

Asklepios BioPharmaceutical

1

$235.0M $20.0M

Addyi

7

bioMason Ribometrix Entegrion

Angel

$8.4M $7.8M $6.6M $5.6M $5.5M $3.5M $3.0M $2.0M

3 4

Marius Pharmaceuticals

1 1

Shah Capital Anzu Partners

BioSkryb

Locus Biosciences

3

Hemisphere Ventures

Xilis

1 1

Phitonex

INVENTORY/GROWTH PROJECTION

RENT VS. VACANCY COMPARISON

Asking Rents

Vacancy Rate

12.0

$26.50

10.0% 15.0% 20.0% 25.0% 30.0%

11.5

$25.50

11.5

Vacancy Rate

11.1

$24.50

11.0

10.8

$23.50

MSF

10.5

$22.50

0.0% 5.0%

10.2

$21.50 Average Asking Rent $/sf

10.0

2019

2020

2021

2022

2016

2017

2018

2019

Source: Cushman & Wakefield Research

Source: Cushman & Wakefield Research

SUBMARKET STATS

AVG. ASKING RENT (NNN)

INVENTORY (SF)

VACANCY

RTP/I-40

$15-$35 $15-$35 $15-$35

7,301,347 1,524,998 492,720

20.8%

West Raleigh

3.1% 3.2%

Downtown Durham

NOTABLE LEASE TRANSACTIONS (2019)

TENANT LabCorp

SF

LANDLORD

ADDRESS

SUBMARKET

LEASE TYPE

111,018

Karlin Real Estate

5 Moore Drive

RTP/I-40

New

Bayer

89,264 Parmer RTP

2400 Ellis Road

RTP/I-40

New

Cellectis SA

82,985 Partners Group

2500-2540 Sumner Boulevard

RTP/I-40

New

Syngenta

64,098 Karlin Real Estate

5 Laboratory Drive RTP/I-40

New

NOTABLE SALE TRANSACTIONS (2018-2019)

ADDRESS

SUBMARKET SF

BUYER

SELLER

PRICE CAP TENANTS

Keystone Technology Park 4001 E. Chapel Hill

RTP/I-40 1,338,495 Longfellow Real Estate Partners

Bain Capital

$405.0M N/A Multipe

RTP/I-40

655,700 Trinity Capital Advisors

Zurich Alternative AM $37.0M N/A None

4018 Stirrup Creek Drive

RTP/I40

96,095 Tergus Pharma, LLC Lifestar Pharma LLC $8.5M N/A Tergus Pharma, LLC

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Contributor: Joshua Chiles, joshua.chiles@cushwake.com