Released June 07, 2021 | SUGAR LAND
en
Researched by Industrial Info Resources (Sugar Land, Texas)-- Due to the pandemic-fueled work-at-home lifestyle, the future of the office real estate sector remains largely undetermined at this point. However, the life science laboratory building investment segment continues to see huge gains.
According to Bloomberg, citing data from Real Capital Analytics, investors have spent more than $10 billion investing in already constructed life sciences real estate so far this year. This equates to about 4% of all global commercial real estate transactions through May, twice what was recorded at the same time last year.
And those numbers don't include new commercial life-science buildings and developments. Industrial Info is currently reporting more than 350 global laboratory building projects with a total investment value of nearly $34 billion that are either planned, engineered or under construction through May 2021. If you subscribe to Industrial Info's Global Market Intelligence (GMI) Database, click here for the project reports. North American major developers include Alexandria Real Estate Equities (NYSE:ARE) and BioMed Realty Trust--a Blackstone portfolio company.
"The pandemic only amplified the demand growth, but it's a trend we think will continue for years," Nadeem Meghji, head of Blackstone's Real Estate Americas group, told Bloomberg. Some of this can be attributed to the push to develop COVID-19 vaccines. But the sector was booming even before then. Rents for these facilities in and around San Francisco have increased 90% in the past five years, while conventional office space has seen rents rise just 20% over the same period.
Click on the image at right for heat map showing project locations.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn.
According to Bloomberg, citing data from Real Capital Analytics, investors have spent more than $10 billion investing in already constructed life sciences real estate so far this year. This equates to about 4% of all global commercial real estate transactions through May, twice what was recorded at the same time last year.
And those numbers don't include new commercial life-science buildings and developments. Industrial Info is currently reporting more than 350 global laboratory building projects with a total investment value of nearly $34 billion that are either planned, engineered or under construction through May 2021. If you subscribe to Industrial Info's Global Market Intelligence (GMI) Database, click here for the project reports. North American major developers include Alexandria Real Estate Equities (NYSE:ARE) and BioMed Realty Trust--a Blackstone portfolio company.
"The pandemic only amplified the demand growth, but it's a trend we think will continue for years," Nadeem Meghji, head of Blackstone's Real Estate Americas group, told Bloomberg. Some of this can be attributed to the push to develop COVID-19 vaccines. But the sector was booming even before then. Rents for these facilities in and around San Francisco have increased 90% in the past five years, while conventional office space has seen rents rise just 20% over the same period.
Click on the image at right for heat map showing project locations.Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn.
