The JLL 2022 Life Sciences Research Outlook and Cluster report reveals the critical trends shaping the industry, and developers should take note of some key takeaways that could inform development strategy in 2023.
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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 […]
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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 […]
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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 […]
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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 […]
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The emergence of the COVID-19 Delta variant has played an important part in delaying some planned returns to the office. However, many businesses have been well equipped to adapt to the continually shifting economic environment. While some companies are pushing reopening dates later in the fall […]
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Rising consumer spending, greater mobility and improved vaccination rates are contributing significantly to bringing back commercial activity to markets that have been impacted by challenges associated with social distancing, limited travel and density. While long-term space planning remains somewhat fluid, flexibility on concessions rather than on […]
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Life sciences firms are under intense pressure right now to research and produce viable COVID-19 vaccines, and their workplaces and labs need to support their vital work. While many current pharmaceutical office trends will continue, new priorities are emerging that include accessible outdoor space, increased security […]
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The pandemic has directly impacted commercial real estate – with shutdowns, supply chain disruption, changing consumer habits, and more – and accelerated some existing trends like increasing reliance on e-commerce and widespread adoption of working from home. Three leading industry experts at CRE.Converge Virtual 2020 shared […]
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The life sciences industry has been a bright spot in the U.S. economy, with private investors putting more than $16 billion to work in the first half of 2020. That is in addition to a steady stream of government funding, with the National Institutes of Health […]
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