Top U.S. Clusters in the Life Sciences Industry


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Global shifts in the life sciences landscape may be rewriting the global map, but U.S. cities continue to lead the world in biopharmaceutical resources and enterprises. Access to talent and research is keeping cities like Boston, San Francisco and San Diego at the top of the U.S. life sciences clusters list. Factors shaping these clusters, and the city rankings, were revealed in JLL’s third annual Global Life Sciences Cluster Report. This report analyzes the top U.S. life sciences clusters and ranks the cities for their prominence in the industry.

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Top U.S. Clusters in the Life Sciences Industry

  1. 1. Top U.S. Clusters 2014 Life Sciences Cluster Report
  2. 2. Greater Boston Area 1 • As home to major academic institutions, centers of excellence, venture capital firms, start-ups and mature corporations—all within minutes of each other, the region is one of the most competitive and resilient markets in the nation 2
  3. 3. San Francisco Bay Area 3 2 • Region has long been a major hub of innovation in the life sciences sector as is it home to not only several well-renowned life science companies, but a multitude of smaller firms looking to innovate the industry
  4. 4. San Diego 4 3 • A surge occurred in the life sciences initial public offering (IPO) market in 2013 and four life sciences companies raised $364.0 million and have all seen their share prices increase from the IPO price
  5. 5. Raleigh-Durham 5 4 • This life sciences cluster is familiarly called the Research Triangle Region due to the geographic nexus of the area’s three leading research institutions: Duke University, North Carolina State University and The University of North Carolina at Chapel Hill
  6. 6. New Jersey/New York City/Westchester 6 5 • Founded in N.J., Johnson & Johnson became the first commercial manufacturer of sterile surgical dressings. The life sciences industry has since developed into one of the state’s leading economic engines • NYC is emerging as the next hub for the growing life sciences industry as three new biotech initiatives are launching in the city • Life sciences was one of the only growth sectors in the Westchester market through the recession, and during the subsequent recovery
  7. 7. Los Angeles/Orange County 7 6 • The L.A. life sciences sector maintains constant ties to leading regional universities and research centers. Orange County life sciences has grown to be a dominant industry with over 1,100 companies countywide
  8. 8. Philadelphia 8 7 • Philadelphia Metro Statistical Area (MSA) has been strong in the “Eds and Meds” sector as suburban Philadelphia is home to hundreds of life sciences companies ranging from small start-up companies to large life sciences
  9. 9. Suburban Maryland / Metro DC 9 8 • A heavy concentration of life science companies are found in Rockville and Gaithersburg, particularly along the I-270 corridor which is known locally as “DNA alley” and emerging Frederick County lab market continues to find its own niche north of the heavily concentration lab facilities of the I-270 corridor
  10. 10. Minneapolis 10 9 • Region is an established leader in the life sciences industry with a particular strength in medical device manufacturing. It has experienced a significant resurgence from the downturn despite regulatory and policy challenges, including implementation of the medical device tax
  11. 11. Seattle 11 10 • As one of the nation’s premier life sciences markets, nearly half of all life sciences jobs in the area are based in research and development
  12. 12. Central & Southern Florida 12 11 • Region has shown increased activity among medical device and pharmaceutical manufacturers within industrial space throughout the state
  13. 13. Denver 13 12 • Area has a limited supply of existing lab space; however, a number of life sciences firms have toured the market for possible office-to- lab conversions as well as flex space that is able to support required infrastructure
  14. 14. Chicago Metro 14 13 • Federal government’s research sites and hospitals in the area provide testing grounds for innovative research
  15. 15. Indianapolis 15 14 • Region is second largest exporter in U.S. life science goods and over 21% of its economic output is tied to life sciences, adding $55 billion to the state’s overall economy
  16. 16. Have questions about your real estate needs in the Life Sciences industry? Contact Roger Humphrey: 16 Want to learn how these fourteen cities are leading the way? The 2014 Global Life Sciences Cluster Report analyzes the top U.S. life sciences clusters, ranks the cities for their prominence in the industry as well as offers an understanding of global trends affecting seventeen countries. Take a deeper diver into this research and download the comprehensive, 143 page report.