Life Sciences on the Rise: 2021 North American Report

PUBLIC & PRIVATE FUNDING (2020-2021)

COMPANY

DEAL TYPE

COMPLETED

TYPE

$ RAISED (MM)

Recursion

IPO

Apr 2021

Public

$436.4

Sera Prognostics

Later Stage

Feb 2020

VC

$65.7

DiscGenics

Later Stage

Aug 2020

VC

$50.0

Clene Nanomedicine

Later Stage

Aug 2020

VC

$42.5

Alucent Biomedical

Later Stage

Sep 2020

VC

$35.0

RENT VS. VACANCY COMPARISON

NNN Rents

Vacancy Rate

$31.00

8.0%

$30.00

$29.00

6.0%

Vacancy Rate

$28.00

$27.00

4.0%

$26.00

Vacancy Rate

NNN Rent $/sf

2.0%

$25.00

Average Asking Rent $/sf

$24.00

0.0%

$23.00

2015

2016

2017

2018

2019

2020

Source: CoStar, Cushman & Wakefield Research

Asking Rents

Vacancy Rate

REPRESENTATIVE INVESTMENT SALE TRANSACTIONS (2019-2021)

ADDRESS

TYPE

$ MM

RBA SF

DATE

BUYER

Waterton Place North LLC

2480 S 3850 W

Office, Lab

N/A

51,000

Oct 2020

12537 S Crossing Dr

Office, Lab

N/A

13,891

Dec 2019

MDT Inc

REPRESENTATIVE LEASE TRANSACTIONS (2020)

COMPANY

ADDRESS

SIZE (SF)

NEW/RENEWAL TYPE

QUARTER

LANDLORD

Myriad Genetics

330 Wakara Way 124,841

New

Lab, Office

Q2

HCPI

/ 39

Contributor: Nicholas Schlanger, nick.schlanger@cushwake.com