Why Biomanufacturing 'Scares The Hell' Out Of Life Sciences Developers

Labs and life sciences represent a small niche in the larger commercial real estate world: JLL tracks 165M SF of commercial, investor-owned lab space across the country, compared to 4.7B SF of offices and 14.2B SF of industrial space. 

But conversations with sector analysts and researchers suggest that despite the relatively small footprint, tracking the burgeoning life sciences sector can be tricky. That lack of transparency has meant significant advantages for the select few companies that dominate the space. 

“Having this data is a big advantage, but one that might not be evident in the short term,” CBRE Senior Director of Research Ian Anderson told Bisnow. “The market is so good that it is likely players without access to…

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As building sustainability becomes increasingly important for office users to sign a lease, financing new office developments or renovations is about to get greener.

As lenders have raised funds dedicated to sustainability-driven investment, they are increasingly looking to place that capital into the renovation and construction of office buildings that focus on environmentally friendly design and development, speakers at Bisnow’s Future of the Workplace event last week said. 

“The PIMCOs, the BlackRocks, the pension funds — they only have so much money to allocate to real estate,” Wells Fargo Managing Director Robert Rosenberg said. “But they all have new buckets of capital to allocate to whatever the asset class is to green financing … the folks they are investing for, they all want to know they're investing in environmental and sustainably conscious good causes. So you're gonna see a lot more of this.” 

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