Business Facilities: The Life Science Industry and Market

“Greater Boston, the San Francisco Bay Area, and San Diego once again reign supreme as the top three markets for life sciences commercial real estate in the U.S., according to a new report from JLL. Rounding out the top 10, respectively, are Greater DC and Baltimore; Raleigh-Durham, NC; New Jersey; New York City; Boulder and the Northwest Corridor; Philadelphia; and Seattle.

JLL’s 2023 Life Sciences Industry and Real Estate Perspective explores the state of the life sciences industry and identifies trends and opportunities for current and future lab space demand, along with the annual ranking of the top innovation communities. The report also includes two new cluster rankings that reveal the five top markets for both medical technology (medtech) and biomanufacturing.”