As much of Chicago’s office market struggles to regain its footing, the booming life sciences and biotech industry is poised to change the landscape in and around the downtown core. The fundamental problem is the lack of research and development and lab space to keep up with the demand. Hazel Technologies – a USDA-funded agricultural […]
Along the banks of the Chicago River on the city’s North Side, new developments are arising that have the potential to revitalize this former industrial area. A tour during NAIOP’s CRE.Converge showcased two projects that are part of this effort. Sterling Bay’s Lincoln Yards is a massive new $6 billion mixed-use project that will eventually […]
Growth in the life sciences sector has driven demand in recent years for both commercial real estate space and labor to accommodate this specialized sector. A new study by commercial real estate platform CommercialCafe set out to identify the best metros for life science companies in 2022 and assessed more than 40 metropolitan statistical areas […]
As part of the commercial real estate industry, the life science market is dwarfed by its industrial sibling. Where the latter comprises 14 billion square feet of developed space nationwide, the life science sector includes 150 million square feet. It may be a niche segment, but it’s drawing outsized interest from private investors and federal […]
