Category Archives: Life Science

Life Science Record leasing activity during the first half of 2015; 20%-25% year-over-year increase in Class “A” rental rates [REPORT]

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By Grant Schoneman
Vice President | Life Sciences Group
JLL San Diego

life-science-beaker-photo

Leasing activity continued on a record pace during the first half of the year, with a total of 1,117,903 square feet of completed transactions that accounted for 646,183 SF of positive net company growth. To put this into perspective, the average first-half leasing activity… Read More

Leasing activity within the San Diego life sciences cluster hit record levels in 2014 [REPORT]

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Major lab supply: Clusters of established lab stock with long-time industry presence

San Diego saw $43.8 billion in M&A transactions from 2011 through 2014. Large pharmaceutical companies are purchasing biotech firms to fill their R&D pipelines, rather than conduct R&D internally. San Diego has a strong R&D market due in… Read More

Coastal Cities Dominate JLL’s 2015 List of Top U.S. Life Sciences Clusters [REPORT]

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JLL’s annual Life Sciences Outlook Report reveals growth in pharmaceutical and biotech industries despite rising labor and real estate costs

U.S. biopharmaceutical innovation is thriving, with areas like Boston, Raleigh-Durham and San Diego dominating U.S. life sciences activity. However, a scarcity of laboratory space is pushing biopharmaceutical companies to seek locations in suburban markets where space is available or can be constructed, while still providing proximity to talent and resources.

These trends, along with… Read More

[REPORT] Sustained leasing activity in Q1-2015, rental rates remain stable at peak levels

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By Grant Schoneman
Vice President | Life Sciences Group
JLL San Diego

Q1-2015-Life-Sciences-Insight-1Coming off a banner year in 2014, the San Diego life sciences market recorded sustained leasing activity during the first quarter of 2015. Companies at both early stage and later stage drug discovery continued to secure funding and see growth in operations. The public markets experienced… Read More

California ranked #1 in United States for manufacturing output

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California’s prominence as a global hub for manufacturing is often underestimated. Yet, with seven well-defined geographic clusters specializing in all areas of manufacturing output, keeping a watchful eye on the golden state may offer some insight as to where the industry is headed next. What you find in this report may surprise you.

San Diego Life Sciences: A Perspective from the Real Estate, Design and Construction Industry

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The San Diego chapter of ISPE recently held a meeting on the subject of “San Diego Life Sciences: Who’s Coming and Going: A Perspective from the Lease, Landlord and Construction Industry.” This has been a hot subject this year with numerous life science companies being purchased and several new companies moving into the area. Availability in premium lab and office space is dwindling as life science real estate developers work hard to develop… Read More

JLL’s Tim Olson Named One of Tomorrow’s Leaders in Southern California

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Tim OlsonSouthern California is one of the most active regions of the nation when it comes to commercial real estate. Be it leasing or investment, operations or advising, the CRE professionals in the area have their hands full. The active market is also providing the perfect platform for young women and men who have entered this industry in recent years. Real Estate Forum has scoured the market to… Read More

Creative Space Key for Life Sciences Sector

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Life sciences companies are using modern creative space to attract and retain employees and provide an environment that fosters innovation, BioMed’s Realty Trust’s chairman and CEO Alan Gold tells GlobeSt.com exclusively. The firm has recently made news by revealing its fourth-quarter 2014 and full-year 2014 financial results, which showed strong performance and subsequent momentum into 2015 that resulted in the company raising the midpoint of FFO guidance for 2015 to $1.44… Read More

Topping the last cycle | U.S. Industrial Outlooks – Q4 2014

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Exceeding (and nearing) last cycle

Our Q4 2014 U.S. Industrial Outlook provides an overview of supply and demand conditions, as well as detailed statistics and brief analyses of major industrial markets. Highlights include:

  • Increasing tenant demand, paired with 19 consecutive quarters of positive absorption, caused U.S. vacancy to finish the year at 6.9 percent, 80 basis points lower than 2007’s rate.
  • In line with vacancy’s decline, asking warehouse rents are now nearing last cycle’s
  • Read More

Life Sciences sector employment grows by 5.2%, Record leasing pushes direct availability to 6.2%

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By Grant Schoneman
Vice President | Life Sciences Group
JLL San Diego

Microsoft PowerPoint - JLL San Diego - 2014 Summer-Fall Life Sci2014 was a banner year for the life sciences industry – both on a global and national scale. The global life sciences industry saw a total of $104.2 billion raised, up from the $92.9 billion in 2013. Venture capital financing, IPO and M&A… Read More