March 2025 Life Sciences Update

08

What Makes an Emerging Market?

CONTENTS

Growing Inventory

• Expanding inventory can facilitate growth for life sciences companies in emerging markets. As firms gain more access to advanced laboratories and research facilities, they can use this enhanced infrastructure to accelerate their development processes. growing momentum behind the life sciences sector in emerging markets. Greater access to space also helps these markets maintain cost advantages over rental rates in hub metros. • The inventory pipeline reflects the growing enthusiasm of the life sciences sector within a market. • Increasing supply levels highlight the

Existing

Under Construction

Proposed

% of Existing Inventory U/C & Proposed (RHS)

25

100%

93%

90%

20

80%

84%

70%

MSF

15

60%

54%

50%

10

40%

33%

32%

30%

26%

25%

5

20%

10%

0

0%

Costa Rica*

Indianapolis Dallas/Ft. Worth Houston

Austin

Atlanta

Salt Lake City

Source: Cushman & Wakefield Research

*Inventory is manufacturing

40 40

Cushman & Wakefield