Life Sciences 2020: The Future is Here

TOP VC-FUNDED COMPANIES (2019)

COMPANY

ROUND

MONEY RAISED LEAD INVESTORS

Fusion Pharmaceuticals

3

$140.0M

OrbiMed, Varian Medical Systems

Synaptive

4

$75.0M

BenchSci

2

$12.5M

Gradient Ventures, Inovia Capital

Exact Imaging

3

$7.6M

Mannin Research

$5.7M

Niedersachsische Staatskanzlei

Alpha Cancer Technologies

2

$3.0M

AmacaThera

1

$2.7M

Sprout Bioventures, Viva biotech

Beekeeper's Naturals

2

$2.6M

Sonoma Brands

Acorn Biolabs

1

$2.5M

ACGT DNA Technologies

Angel

$0.8M

INVENTORY/GROWTH PROJECTION

RENT VS. VACANCY COMPARISON

3.3

0.0 0.5 1.0 1.5 2.0 2.5 3.0 3.5

3.2

Asking Rents

Vacancy Rate

$10.00 $15.00 $20.00 $25.00 $30.00

10.0%

8.0%

2.1

Vacancy Rate

6.0%

4.0%

MSF

0.6

2.0%

$0.00 $5.00

Average Asking Rent $/sf

0.0%

2019

2020

2021

2022

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

Source: Cushman & Wakefield Research

Source: Cushman & Wakefield Research

SUBMARKET STATS

AVG. ASKING RENT ($/SF)

INVENTORY (TOTAL SF)

VACANCY

Downtown

$35.26 Net

73,557,901

2.1%

Midtown

$24.39 Net

16,108,884

2.5%

GTA East

$15.08 Net

32,225,615

10.0%

GTA North GTA West

$18.12 Net

15,137,016

6.2%

$16.57 Net

39,263,059

11.4%

NOTABLE SALE TRANSACTIONS (2018 - 2019)

ADDRESS

SUBMARKET SF

BUYER

SELLER

PRICE CAP TENANTS

440-450 Garyray Drive ( Property vacant at the time of sale)

N/A Sold by user – R&D lab space

North York

36,419 Inkas Properties Corporation

APOTEX REALTY INC

$5.6M

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Contributor: Juana Sue-A-Quan, juana.sueaquan@ca.cushwake.com; Kristina Bowman, Kristina.Bowman@ca.cushwake.com