New Labs, New Funds: Activity Blossoms in the Leading U.S. Biopharma Clusters

A report issued in June by global commercial real estate firm Coldwell Banker Richard Ellis illustrated the strength of the life sciences in the nation’s top regional clusters and beyond.1 Between 2001 and 2021, the life sciences workforce expanded 79% to approximately 500,000 jobs—nearly 10 times the overall U.S. job growth rate of 8% during that period.

While the life sciences sector is experiencing falling stock prices for public companies and fewer financings for private ones, the industry continues to enjoy a wave of new activity by developers of laboratory/office sites and by venture capital (VC) funds.

Read the full article at: