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Dec 5, 2022 · Last year investors spent nearly three times more than usual on the life sciences in California. South San Francisco City Manager Mike Futrell projects these companies will double their footprint from 12 million square feet to 25 million square feet within the next few years. Lessons from the pandemic are spurring vitality in surprising sectors.
- Lesley Mcclurg
- KQED Health Correspondent
Jun 7, 2024 · What they do: Calico is a biotech company tackling questions and solutions surrounding the human aging process. The company uses academic research and cutting-edge medical technology to find answers to long-term questions about the basic biology of aging and how to counteract diseases associated with the aging process.
The Mid-Peninsula holds the largest life sciences market in the Bay Area, accounting for 54.5% of the region's lab inventory. Most therapeutic companies are concentrated in the Mid-Peninsula. Within this market, the highest concentration of lab space is in the North County submarket cluster, which alone encompasses around 13.4M s.f. or 36.4% of ...
Aug 8, 2022 · Since 2001, the San Francisco Bay Area has experienced a 222% increase in life sciences employment, with the employment and talent pool reaching 63,000 current and potential employees. The region’s highly educated workforce, reinforced by its proximity to elite research institutions such as UCSF, Stanford and UC Berkeley, has made the Bay Area one of the most elite and active life sciences ...
Sep 7, 2021 · In the second quarter of 2021, life-science companies in this region made $23.6 billion in deals, including two acquisitions worth $18 billion, a report from the real-estate firm Kidder Mathews said.
- Henry Blodget
LIFE SCIENCE. Market Forecast4TH QUARTER2021The Life Science market’s expansion accelerated in the Bay Area in Q4 2021 with gross absorption totaling 1.57 million SF and po. itive net absorption of 653,073 SF.The 2021 year end figures are approximately 5.5 million SF of gross absorption and roughly 2.2 mi.
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“There is a conventional view of life sciences that emphasizes large lab markets such as Boston, the Bay Area and San Diego. With this new report, we take a broader view, analyzing life sciences workforces across the U.S. as well as the connection that talent has to how – and where – companies grow,” said Matt Gardner, CBRE Americas Life Sciences Leader.
