March 2025 Life Sciences Update
Houston
MARKETS CONTENTS
Market Summary
Public & Private Funding (2024)
Fast Lab Stats
• With a high concentration of employment, entrepreneurial drive and an active investment community, the Houston region is fertile ground for innovation in biotech and life sciences. • Houston is home to the world’s largest medical complex, the Texas Medical Center, which plays a pivotal role in positioning the region at the forefront of the biotech and life sciences sectors. More than 60 institutions operate within the 50-msf Texas Medical Center, serving as a catalyst for Houston’s collaborative ecosystem and setting the stage for groundbreaking research by providing direct access to nearly 5,000 active clinical trials. • Recent real estate investments further supporting Houston’s life sciences research and development include TMC’s Helix Park and industry research hub Dynamic One. In the Medical District, Hines’ Levit Green is now leasing over 200,000 sf of lab and office space as part of its future 53-acre district. On the northeast side of the Houston market, McCord Development recently broke ground on its master-planned Generation Park, a new Center for Biotechnology. In The Woodlands, Alexandria Real Estate plans to develop 8800 Technology Forest Place into 325,000 sf of Class A space, part of which is already under construction.
Company
Deal Type
Completed
VC Round
$ Raised (MM)
5.1 MSF Total Inventory 680,000 SF Under Construction 1.1 MSF Proposed 27.5K Total Life Sciences Employment 76.5% Life Sciences Employment 10-Year Growth Rate
Procyrion
Later Stage VC
Feb 2024
6th Round
$57.7
ImmunoGenesis
Later Stage VC
Apr 2024
1st Round
$44.4
March Biosciences
Early Stage VC
Oct 2024
2nd Round
$28.4
Tvardi Therapeutics (NAS: TVRD)
Later Stage VC
Dec 2024
3rd Round
$28.0
VenoStent
Later Stage VC
Jun 2024
3rd Round
$20.0
CoRegen
Later Stage VC
Feb 2024
2nd Round
$14.5
CrossBridge Bio
Early Stage VC
Nov 2024
2nd Round
$10.8
Pulmotect
Later Stage VC
Sep 2024
4th Round
$10.3
OncoMAGNETx
Early Stage VC
Apr 2024
1st Round
$10.1
PranaX
Early Stage VC
Jan 2024
2nd Round
$10.0
Representative Lease Transactions (2024)
Representative Life Sciences Companies
Life Sciences Labor: Average Monthly Job Postings
Company
Address
Size (SF)
New/Renewal
Type
Quarter Landlord
Company
Type
1,600
Lonza Biologics
Regional Office
1,400
Biologi cs CDMO Life Science Life Science
Warmack Investments
Bionova Scientific
2625 Research Forest
100,000 New
Q2
Alcon Manufacturing
Regional Office
1,200
The US Oncology
HQ
1,000
BlueBonnet Nutrition
HQ
PranaX
Levit Green/3131 Holcombe Blvd.
7,500 New
Q1
Hines
800
Merit Medical Systems
HQ
600
Texas Medical Center
Artidis
TMC3 Collaborative Building
2,000 New
Q3
Millar Instruments
HQ
400
Cellipont Bioservices
HQ
200
Biotics Research Corporation
HQ
-
The National Space Biomedical Research Institute
2020 2021
2022
2023
2024
HQ
Hires Unique Postings
Marker Therapeutics
HQ
March Biosciences
HQ
Top NIH-Funded Institutions (2020-2024)
Bio Degree-Awarding Institutions, Metro Area
Annual Life Sciences Degree Completions 2013 3,096
$1.7B Baylor College of Medicine $910M University of Texas MD Anderson Cancer Center $709M University of Texas Health Science Center Houston
University of Texas MD Anderson School of Health Professionals
•
Rice University
• • • •
2023 4,610 Up 49%
University of Houston
Texas Southern University
Houston Christian University
University of St. Thomas
•
Sherra Gilbert sherra.gilbert@cushwake.com Research Contributors
Sources: Cushman & Wakefield Research, CoStar, National Institutes of Health (NIH), Lightcast, Pitchbook
Cushman & Wakefield
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