United States of America Outlook - Life Sciences Supplement 2017

With its companies developing everything from over-the-counter medications to gene therapy cures, life sciences is among the world’s most impactful industries. And like most industries in today’s ever-changing world, it is undergoing significant changes. Heated competition among these companies for both talent and specialized lab space has become an important determinant of the type, quality and location of commercial real estate that this industry demands. Cost too remains a factor; the industry’s subdued demand for manufacturing and conventional office space persists as life sciences companies seek lower-cost alternatives.