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Jones Lang LaSalle Reveals 16 U.S. Regions Vying as Established or Emerging Markets for Life Sciences Industry
Date:11/28/2011

CHICAGO, Nov. 28, 2011 /PRNewswire/ -- In light of rapid evolution in the life sciences sector, Jones Lang LaSalle conducted a comprehensive study to identify the top markets for real estate expansion for life sciences companies focused on pharmaceuticals, biotechnology, medical device technology, agricultural biotechnology and biofuels. The firm's Life Sciences Cluster Report ranks 16 emerging and established clusters in the United States according to relevant criteria to gauge where leading-edge companies are positioning their facilities to gain competitive advantage.

While Boston, New York/New Jersey and the Bay Area continue to top the U.S. list as established markets for life science industry expansion, Los Angeles and the Washington D.C. region are now considered established clusters. Los Angeles' vast number of hospitals, universities and research facilities and its large college-educated population should help propel its growing biotechnology sector to complement its mature medical device presence. Washington D.C./Suburban Maryland's close ties with government agencies and world-renowned academic research centers has supported a wave of early start-ups that has given way to mid-stage companies ripe for acquisition by major pharmaceutical companies. Rounding out the top seven established clusters are Philadelphia and San Diego.

The study also reveals several surprising U.S. regions are emerging as key players in the field including: Minneapolis, Chicago, Denver, Houston, Florida, Atlanta and Indianapolis. Emerging clusters like these in the United States are underway on new construction projects to foster innovation and training. This activity is expected to draw life science occupiers.

"A life sciences cluster typically develops as a result of a specific geographic region's educated workforce, plentiful venture capital and economic development incentives, industry-friendly po
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SOURCE Jones Lang LaSalle
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