DC/Baltimore Ranks #3 for BioPharma Research & Development in CBRE’s Talent Report on Subsectors of Life Sciences Industry

The DC/Baltimore area ranks third overall for BioPharma Research & Development in CBRE’s annual U.S. Life Sciences Talent Trends report, which analyzes life sciences employment by subsector, mapping out the top markets and employment trends across the research & development, manufacturing and medical technology fields. This year, CBRE also expanded its third-annual analysis to include 100 U.S. markets, up from 74 analyzed in last year’s report.

“Recent capital-markets shocks had produced an enduring level of caution within the life sciences sector; however, the growth switch has flipped back on,” said Tommy Cleaver, and Executive Vice President in CBRE’s Washington, D.C. office. “We expect the expansion will resume the latter part of this year into 2025. Access to an abundance of specialized talent remains the No. 1 driver in site-selection decisions, which bodes well for the future of our region. We have cultivated a robust pipeline of talent that will feed our ecosystem for years to come, and that is precisely what the industry’s leadership is looking for.”

Highlights for the DC/Baltimore region include:

• DC/Baltimore produced the 4th most biological and biomedical Sciences graduates, growing 18.3% over the past five years
• DC/Baltimore is the 3rd ranked market for Life Sciences R&D Talent
• DC/Baltimore is the 9th ranked market for Life Sciences Manufacturing Talent
• DC/Baltimore is the 11th ranked market for Medtech Talent
• DC/Baltimore ranks in the top five for Universities Issuing Degrees in "Specialties" in five key areas, underpinning the strong talent pipeline in the region.
  • Biochemistry, Biophysics & Molecular Biology
  • Biomathematics, Bioinformatics, and Computational Biology
  • Biomedical/Medical Engineering
  • Biology, General
  • Biotechnology

The report, now in its third year, evaluates the largest 100 U.S. life sciences labor markets against multiple criteria for each of the three specialties. For the R&D subsector, which included the number and concentration of life sciences researchers; number of new graduates, and specifically with doctorate degrees in that field; concentration of all doctorate degree holders; and concentration of jobs in the broader professional, scientific, and technical services professions.

To read the full report, click here.