Demand is robust, but fulfilling the requirements of these tenants is no easy assignment.
Over the past seven years, life science companies have been hiring at an exponential rate, creating both opportunity and unique challenges for commercial real estate brokers who want to succeed in this burgeoning practice area.
“If you look at the major economic downturns, the cycle in life sciences doesn’t necessarily match that,” Matt Gardner, head of Life Sciences, Americas at CBRE, told Commercial Property Executive. “It is different than the general economic cycle. The funding mechanisms are different and product cycles take longer.”..
“If you look at the major economic downturns, the cycle in life sciences doesn’t necessarily match that,” Matt Gardner, head of Life Sciences, Americas at CBRE, told Commercial Property Executive. “It is different than the general economic cycle. The funding mechanisms are different and product cycles take longer.”..
RSK: Madison is probably on the list for smaller markets because of UW and Research Park.
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- - Volume: 11 - WEEK: 19 Date: 5/9/2023 5:15:24 PM -