【World Property Journal】Demand for Life Sciences Lab Space Heats Up in 2021

According to a new report from CBRE, life-science lab space in the U.S. has emerged as a coveted sector of commercial real estate as hefty increases in funding and employment have fueled both demand for lab space and construction of it in leading U.S. life-science markets.

Companies actively seeking life-science real estate in the first quarter targeted a cumulative 19.3 million sq. ft. of lab space in the top 12 U.S. life-science markets, according to CBRE's Midyear U.S. Life Sciences report. This represents more than 12 percent of the total existing life sciences space across these markets--a rate of demand that is fueling ongoing construction of lab space.
 

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