Life-sciences investment volume hit $9B in first half of 2021, tracking to a record year for CRE sector
Real estate investment into the life sciences reached more than $9 billion in the first half of 2021, signaling a potential record-breaking year for industry funding.
While longstanding life-sciences real estate owners like Alexandria Real Estate Equities continue to dominate market share, other players are beginning to enter the industry after seeing incredible growth potential. Amid an uncertain future for traditional office spaces, demand for lab space is skyrocketing and investors and developers alike see the life science industry continuing to grow for the foreseeable future.
“People are going to want to live longer and healthier, so that’s going to continue to drive all of these startups and keep the (life sciences) ecosystem going for a long time,” said Daniel Littman, associate director of capital markets research at Newmark Group.