Life Sciences on the Rise: 2021 North American Report

MARKET SUMMARY • The Los Angeles market is well positioned for future life sciences growth with significant population, attractive quality of life, and numerous supporting institutions. • A significant and growing life sciences market is clustered in numerous areas of concentration such as South Bay, LA North (Thousand Oaks), San Gabriel Valley (Pasadena), the Westside and Orange County. • The region can draw from a deep global talent pool, and the life sciences industry maintains strong ties to leading regional universities and research centers. • One of the big drivers for life sciences in Los Angeles is the advantage of its proximity to world-class learning and research institutions. Two of the five University of California campuses with medical schools are located in the Los Angeles/Orange County market: University of California, Los Angeles (UCLA) and UC Irvine. • There are more than 25 research institutes, universities and colleges that conduct research and train future generations of entrepreneurs and scientists.

FAST LAB STATS 7.6 MSF MARKET SQUARE FOOTAGE

$48.01 $ PER SF NNN

1.5% VACANCY 24.8K TOTAL LIFE SCIENCES EMPLOYMENT & TALENT POOL +77% LIFE SCIENCES EMPLOYMENT GROWTH RATE SINCE 2001

Los Angeles REPRESENTATIVE LIFE SCIENCES COMPANIES

LIFE SCIENCES TALENT POOL

26,000

COMPANY

TYPE

24,000

21,191

22,000

Kite Pharma

R&D

20,000

Amgen

Pharmaceutical

18,000

Edwards Life Sciences Medical Devices

16,000

14,000

Average Annual Growth Rate 2001-2020: 2.5%

Masimo

Medical Devices

Number of Persons Number of Persons

12,000

Sanofi/Genzyme

Pharmaceutical

10,000

Celgene

R&D

2011

2017

2012

2021

2015

2013

2018

2016

2019

2014

2001

2010

2007

2002

2020

2005

2003

2008

2006

2009

2004

Los Angeles-Long Beach-Anaheim, CA

Xencor

R&D

Talent pool includes life science professionals not currently employed in the life science sector Source: EMSI

Baxter

Pharmaceutical

Seigfreid

Pharmaceutical

BIO DEGREE-AWARDING INSTITUTIONS, METRO AREA California State Polytechnic University (Pomona)

Grifols

R&D

TOP NIH-FUNDED INSTITUTIONS (2016-2020)

UNIVERSITY OF CALIFORNIA LOS ANGELES $2.5B

UNIVERSITY OF SOUTHERN CALIFORNIA $1.4B

UNIVERSITY OF CALIFORNIA-IRVINE $732M

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