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Nov 29, 2020 · The life science industry is one of the largest sectors in the local economy, but it’s still dwarfed by tech. It had around 481,000 jobs in California as of 2019, including 145,235 in the Bay ...
- Roland Li
- Business Reporter
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
May 1, 2024 · 7. Source: AVANT by Avison Young, Costar. The life science market has slowed down. As we transition from the COVID-19 pandemic to a period marked by higher interest rates and economic uncertainty, the fervor that once propelled the life science market has subsided. Initially buoyed by the urgent search for treatments, vaccines, and diagnostics ...
Aug 8, 2022 · Since 2011, total U.S. employment growth has averaged 1.0% per year while life sciences employment has increased by 6.6% per year, on average. 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.
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.
LIFE SCIENCE. RENTAL RATE Market ForecastThe life science industry continues to be very robust in the Bay Area, despite the ongo. ng impact of the COVID-19 pandemic. Q1 2021 gross absorption totaled 1.55 million SF, with po. itive net absorption of 839,786 SF. This follows a strong 2020 gross absorption of 2.94 million SF and 1.73 mi.
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Venture capital funding into life sciences has grown by 200 percent in the past 5 years globally, according to Savills research, with the figure reaching $54 billion in 2020. The pandemic has supercharged the growth of this sector and hot spots such as the San Francisco Bay Area are reaping the benefits. In a study of global science cities ...
