Consider these five factors when determining which direction to pursue, advise Justin Brasell and David Klein of Transwestern.

Life sciences companies—whether young startups receiving an influx of venture capital or mature entities with a long history in the industry—are setting out in record numbers to find space for developing treatments that advance public health and improve lives. To do so, life sciences users require a combination of office, lab, collaboration and warehouse space within an amenity-rich environment.

The demand for life sciences facilities—exacerbated by the pandemic—has skyrocketed and has been outpacing supply in markets such as San Francisco, Boston and San Diego for some time now. However, factors such as real estate availability, cost of living, access to STEM talent and proximity to major research institutions have paved the way for new emerging markets, including Houston, Raleigh-Durham, Washington, D.C., and New York City.

*Article courtesy of Commercial Search

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