Led by the steady growth of Scripps Florida in Palm Beach County, the state has emerged as one of the top sites for biomedical research and development. Site Selection magazine recently rated Florida 7th in the nation as a life science R&D location among site selection consultants and real estate executives.
In recent years, Florida has also attracted other leading bioscience research facilities, including Torrey Pines Institute for Molecular Studies in St. Lucie County and the Burnham Institute for Medical Research in Orlando.
Leading universities and colleges are also investing in biotech research, including the University of Miami's new Clinical Research Institute in Miami and Florida Atlantic University's Centers of Excellence in Biomedical and Marine Biotechnology.
"Throughout South Florida, the biotech corridor will grow and create a solid foundation of high-wage jobs," said real estate analyst Brad Hunter, director, South Florida region, Metrostudy in Boca Raton. "This will be a long-term process that will enhance the value of both commercial and residential properties in the region."
The Florida Association of Realtors, the voice for real estate in Florida, provides programs, services, continuing education, research and legislative representation to its 150,000 members in 67 boards/associations. FAR's Media Center Web site is available at http://media.floridarealtors.org.
Editor's Note: This is the fifth in a series of articles focusing on the many long-term strengths of Florida's residential real estate market as it moves through the current cycle.
Marla Martin, Communications Manager, or Jeff Zipper, Vice President of Communications
407/438-1400, ext. 2326 or ext. 2314
|SOURCE Florida Association of Realtors|
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