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Rising demand for services within the life sciences sector is driving an intense search — not just for expertise, but additionally for actual property to increase current clusters, in addition to kind new ones and improve the nationwide community. However, which U.S. metropolitan areas foster probably the most favorable mixture of things for a profitable life sciences ecosystem?

To seek out out, we checked out 45 U.S. metros and assessed them throughout a number of key parts, together with regional expertise pool; the accessibility of economic actual property markets; availability of devoted property or workplace area that is perhaps redeveloped to accommodate this trade; and the state of growth towards increasing life sciences capability. Then, utilizing up-to-date CommercialEdge life sciences and workplace market analysis information, in addition to the newest U.S. Census and U.S. Bureau of Labor Statistics (BLS) studies on native life sciences employment and academic attainment ranges, we ranked the highest 20 U.S. metros for all times sciences firms to begin or scale their enterprise.

The interactive map under offers an informative overview of the 45 metropolitan areas we in contrast for this rating. Learn on for an in depth have a look at every of the 20 top-performing metros and go to the methodology part for particulars on the entire indicators thought of.

1. Boston Metropolitan Space

The Boston metropolitan space ranked first with a complete of 75.35 factors out of 100 by incomes high scores throughout a number of metrics. Notably, BLS information confirmed that the Boston life sciences labor pressure was the biggest among the many metro areas we analyzed. And, the metro additionally ranked sixth for all times sciences academic attainment, with 840,200 of residents aged 25 years or older holding at the least a bachelor’s diploma in science and engineering and/or engineering-related fields.

Benefits to the true property market had been additionally mirrored within the metro’s finest scores: Particularly, the life sciences sector was represented throughout roughly 24.8 million sq. ft of office space in Boston, which made it the biggest life sciences actual property market out of the entire entries on this rating. Furthermore, almost 14 million sq. ft of that was LEED-certified, an indicator for which the Boston metropolitan statistical space (MSA) additionally earned the highest rating. Plus, the life sciences market right here is poised for important additional growth, with a further 23.8 million sq. ft of upcoming tasks presently underneath development, in addition to within the deliberate and potential phases.

2. San Francisco Metropolitan Space

The second-best U.S. metro for all times sciences firms was San Francisco, which earned a complete rating of 46.89 factors. As chances are you’ll know, the Bay Space powerhouse is residence to the biggest expertise pool among the many entries in our examine (roughly 944,200 of residents aged 25 or older have earned at the least a bachelor’s diploma in science and engineering and/or engineering-related fields). As such, the realm advantages from the third-largest life sciences workforce out of the entire metros we surveyed.

Right here, almost 7.3% of San Francisco office space was residence to life sciences firms, encompassing a complete of just below 13.8 million sq. ft — the second-largest life sciences actual property market in our rating. Roughly 4 million sq. ft of that whole was LEED-certified, an indicator for which the market additionally ranked second.

Furthermore, San Francisco additionally carried out properly on the pipeline index: The 11 million sq. ft of recent life sciences workplace tasks within the works as of Might 2022 represented the second-largest life sciences market growth among the many metros we analyzed for this rating.

3. San Diego Metropolitan Space

In third place was the San Diego metropolitan space with a complete rating of 40.47 factors. Its strongest swimsuit was the sizeable share of life sciences properties out of the overall office space in San Diego. Particularly, the 12.3 million sq. ft of life sciences inventory accounted for almost 11% of the market — and the San Diego life sciences market is getting ready for additional progress: With 4.5 million sq. ft of recent life sciences workplace tasks within the pipeline, the San Diego metro space is taking a look at a market growth of almost 40% of its present inventory.

Whereas the metro earned the fifth-highest rating for native life sciences employment (6.19 factors out of 10), it got here in 14th for academic attainment: Based on the most recent Census information, almost 462,000 residents aged 25 or older maintain at the least a bachelor’s diploma in science and engineering and/or engineering-related fields.

4. New York Metropolitan Space

Rating fourth with a complete rating of 33.64 factors, the New York metro space shined when it comes to expertise pool, logging the best rating for all times sciences academic attainment, in addition to the second-highest whole for all times sciences employment. And, with almost 2.5 million residents holding levels in science and engineering and/or engineering-related fields, the area was additionally residence to the biggest such cohort among the many metros we analyzed. What’s extra, a recent report launched by the NYC Division of Metropolis Planning estimated that establishments within the New York metro space yielded extra life sciences graduates than some other main metro — almost 2,700 graduates annually.

In the meantime, trying to construct on its thriving ecosystem of expertise, world-class establishments, and intensive regional transit, New York is determined to invest in assembly the wants of life sciences firms which are concerned about increasing or transferring to the area. Accordingly, there was 2.9 million sq. ft of devoted life sciences office space in Manhattan and Queens alone, with a further 1.4 million extra at varied phases within the pipeline, in addition to greater than 15 life sciences clusters throughout your entire metropolitan space.

5. Washington, DC Metropolitan Space

Washington, D.C. earned a complete rating of 33.59 factors and ranked because the fifth-best U.S. metro for all times sciences firms. Notably, each of its best-scoring metrics — life sciences academic attainment and a sizeable life sciences property pipeline — level to the numerous progress potential of the area. And, with 1.1 million residents holding at the least a bachelor’s diploma in science and engineering and/or engineering-related fields, Washington, D.C. ranked third for academic attainment, behind solely the New York and Los Angeles metropolitan areas.

Right here, the life sciences sector occupied roughly 4 million sq. ft of office space in Washington, D.C., which accounted for simply lower than 1% of the native workplace market. The present pipeline, nonetheless, is sort of twice that: Life sciences property presently underneath development right here, in addition to within the planning and potential phases, totaled almost 7.9 million sq. ft and represented the third-largest projected market growth in our rating.

6. Chicago Metropolitan Space

Chicagoland additionally ranked among the many high U.S. metros for all times sciences firms, incomes the sixth-best rating in our classification (29.48 factors). Academic attainment was the metro’s strongest-scoring metric, with roughly 1 million residents aged 25 or older holding at the least a bachelor’s diploma in science and engineering and/or engineering-related fields. Chicago scored fourth for this metric among the many areas we analyzed.

The first workplace market within the metropolitan space additionally revealed a number of sturdy factors for firms within the life sciences sector which are in search of area to develop or relocate: Almost 2.9 million sq. ft of Chicago office space was residence to life sciences exercise, which represented the ninth-largest life sciences actual property market in our rating. And, 1.1 million of that was already LEED-certified, which positioned Chicago fifth-best on our inexperienced life sciences inventory index.

7. Philadelphia Metropolitan Space

With a complete rating of 29.07 factors, Philadelphia got here in seventh among the many high U.S. metros for all times sciences. Most of Philly’s finest scores mirrored strengths in its core workplace market. Right here, life sciences developments which are presently underneath development, together with these within the planning and potential phases, totaled almost 5.4 million sq. ft, which represented the fourth-largest life sciences pipeline among the many metros on this rating and was Philadelphia’s best-scoring indicator.

The metro additionally got here in sixth for current life sciences area: 4.2 million sq. ft of Philadelphia office space accommodated the life sciences sector as of Might 2022. This quantity made up almost 2% of the native workplace market, which represented the ninth-largest such market share among the many entries in our rating. And, as a result of the metro is residence to one of many greenest office markets in the U.S., it was not shocking to seek out that it ranked among the many high 10 for LEED-certified life sciences workplace area, as properly.

8. Raleigh Metropolitan Space

Based on Carolina Demography, Raleigh was the second-fastest-growing massive metro in america in 2020, behind solely Austin. An integral a part of the Carlina Analysis Triangle, Raleigh additionally got here in eighth (proper behind Philadelphia) in our rating of finest U.S. metros for all times sciences with a complete rating of 29.06 factors.

Right here, too, enticing traits of the native workplace market carried the metro’s best-scoring indices. Particularly, the life sciences sector accounted for simply greater than 8% of office space in Raleigh, which represented the third-largest such market share among the many metros in our rating. This whole additionally integrated roughly 7.1 million sq. ft of life sciences workplace area, of which greater than 563,000 was LEED-certified (the ninth-best rating for this metric).

Lastly, the Raleigh-Cary metropolitan space additionally stood out when it comes to lively progress potential. On the shut of Might 2022, roughly 3.7 million sq. ft of recent life sciences developments had been underneath development or within the deliberate and potential phases within the Raleigh workplace market — the seventh-largest pipeline and seventh-best rating for this metric among the many entries in our rating.

9. Seattle Metropolitan Space

The rising demand for all times sciences actual property throughout the U.S. was additionally felt within the Puget Sound area, which has lengthy been residence to established leaders in immunotherapy — reminiscent of Juno Therapeutics and the Fred Hutchinson Most cancers Analysis Heart — in addition to key international well being changemakers, like The Gates Basis and PATH. Consequently, the Seattle metro space earned a rating of 27.94 factors and landed ninth in our rating of high metro selections for all times sciences firms.

Nonetheless, whereas the metro earned high 10 scores for expertise metrics, its strongest fits had been in the true property market. For example, our comparative evaluation discovered that Seattle was residence to the eighth-largest life sciences pipeline among the many entries in our rating: In Might, 2.8 million sq. ft of recent life sciences growth tasks was underneath development, in addition to within the deliberate and potential phases. This marked a notable future market growth, including to the 4.9 million sq. ft of current inventory (the fifth-largest life sciences market in our rating), which represented almost 3% of office space in Seattle. What’s extra, 1.3 million sq. ft of native life sciences area was LEED-certified, incomes Seattle the fourth-highest rating for this metric.

10. Houston Metropolitan Space

Houston rounded out the highest 10 U.S. metros for all times sciences firms with a complete rating of 27.49 factors, and the resilient Texas powerhouse was lifted by the wave of rising life sciences clusters throughout the U.S. Particularly, final yr, Texas Medical Heart (TMC) announced the launch of TMC3 — a 37-acre life sciences campus designed by main Massachusetts life sciences cluster architects to assist a mixture of healthcare, life sciences and enterprise customers towards an unlimited capability for innovation. Builders’ push to spice up Houston as a aggressive analysis hub has additionally included Hines’ recently topped-out phase one of Levit Inexperienced, a 53-acre, master-planned, life sciences district situated subsequent to TMC.

Even so, the life sciences sector was represented in lower than 1% of Houston office space and totaled roughly 2.3 million sq. ft, 344,000 sq. ft of which was LEED-certified. Likewise, life sciences tasks presently in growth right here added as much as a bit greater than 817,000 sq. ft — the Twelfth-largest life sciences pipeline among the many entries we analyzed.

11. Los Angeles Metropolitan Space

In our rating of high metros for all times sciences enterprise, Los Angeles landed in 11th with a complete rating of 25.48 factors. Although not as rapidly related to the life sciences sector as metros reminiscent of Boston and San Diego, the better Los Angeles metro space is nonetheless a robust contender as a result of an abundance of expertise graduating from a number of the nation’s main analysis establishments. The truth is, the info we analyzed confirmed that Los Angeles was residence to the second-largest cohort of residents aged 25 and older who maintain at the least a bachelor’s diploma in science and engineering and/or engineering-related fields: With almost 1.5 million locals on this class, the Los Angeles expertise pool was second solely to New York.

What’s extra, the LA metro space has nice potential to reap the benefits of the wave of momentum within the life sciences sector: House to main scientific and analysis hospitals; world-class analysis universities; a resilient manufacturing base; and a big enterprise capital presence, the metro must discover methods to increase life sciences incubator and growth area. To that finish, CommercialEdge information confirmed that life sciences accounted for lower than 1% of stock within the metro space’s major workplace market, or roughly 1 million sq. ft of Los Angeles office space. And, tasks within the pipeline comprised almost 900,000 sq. ft of recent life sciences growth — the 11th-largest pipeline among the many entries in our rating.

12. Atlanta Metropolitan Space

Atlanta scored a complete of 23.8 factors and ranked 12th-best for all times sciences firms. The birthplace of the CDC in 1942, town has actually been no stranger to the significance of the life sciences sector for the previous 80 years. The truth is, Atlanta is considered one of comparatively few cities which have amassed what are typically thought of to be the entire important parts of a profitable life sciences ecosystem: each company and nonprofit buyers in growth of recent applied sciences; refined supply-chain administration that ensures international entry; world-class universities, reminiscent of Georgia Tech, Emory College, and the College of Georgia, that are all established and extremely revered catalysts in each expertise and life sciences; and a extremely educated and various workforce — a metric for which Atlanta earned the tenth-best rating in our rating.

Nonetheless, recent statements by Metro Atlanta Chamber representatives confirmed that, whereas that abundance had certainly attracted important curiosity from life sciences firms to increase in or relocate to Atlanta, not sufficient devoted area had been developed but to accommodate them. However, that setback is properly on the right track for correction. The truth is, information confirmed that the metro space’s major workplace market was residence to the sixth-largest life sciences pipeline among the many entries in our rating: In Might 2022, there have been almost 4.2 million sq. ft of recent life sciences growth tasks underneath development, in addition to within the deliberate and potential phases. This represented a sizeable market growth, including to the 424,000 sq. ft of current life sciences inventory, which accounts for lower than 1% of office space in Atlanta.

13. Detroit Metropolitan Space

The revitalization of Detroit continues to be one of the crucial profitable Rust Belt comeback stories. The world has seen important progress in urban sustainability, rising workforce academic attainment ranges, regular discount of unemployment and several other high-profile company headquarters relocations to town. Plus, Detroit’s efforts to reinvent itself as a hub for innovation have additionally resulted in it rating among the many top U.S. cities for women working in STEM, in addition to its recognition as one of many high rising clusters for all times sciences in 2020.

In our present rating, Detroit earned a complete rating of 21.85 factors and positioned 13th amongst high U.S. metros for all times sciences firms. Particularly, the realm advantages from its regional faculties and universities, foremost of which is the College of Michigan, which has been lauded by the Nationwide Science Basis as a high public analysis college within the U.S. As such, the metro space was residence to just about 450,000 residents aged 25 years or older who earned at the least a bachelor’s diploma in science and engineering and/or engineering-related fields. This quantity positioned Detroit 16th for academic attainment among the many 45 metros we in contrast for this rating.

Whereas the metro earned decrease scores throughout a lot of the workplace market metrics class, latest information on office space in Detroit positioned the metro 10th for affordability by common asking price, in addition to second for workplace area availability measured by common emptiness price.

14. Baltimore Metropolitan Space

With unparalleled entry to federal assets; world-class, life sciences-focused increased studying establishments; and a superior ecosystem of private and non-private funding assets, it’s not shocking to seek out Baltimore among the many high metros for all times sciences within the U.S. With a complete rating of 21.21 factors, Baltimore positioned 14th in our rating.

Positioned within the better capital market area of Washington, D.C., Baltimore is reportedly one of many hottest rising medical expertise markets within the nation. Supported by regional establishments like Johns Hopkins College and the College of Maryland, Baltimore boasts an informed expertise pool of almost 400,000 residents with at the least a bachelor’s diploma in science and engineering and/or engineering-related fields.

In the meantime, the roughly 2 million sq. ft of current life sciences property accounted for almost 2% of office space in Baltimore and was about 40% LEED-certified (747,000 sq. ft). Notably, workplace market accessibility right here was comparatively higher than markets increased up within the rating: Baltimore ranked among the many 20 most reasonably priced metros on the listing (by common asking price).

15. Salt Lake Metropolis Metropolitan Space

One other sturdy contender amongst rising clusters within the U.S., the Salt Lake Metropolis metropolitan space ranked 15th amongst high metros for all times science firms, with a complete rating of 21.01 factors. Based on CommercialSearch industry news, there have been greater than 70 main bio- and med-tech firms with a presence in Utah final yr. And, banking on the facility of neighborhood, greater than 1,100 firms working within the metro area’s life sciences and healthcare innovation ecosystem got here collectively and lately shaped BioHive — a collective that seeks to function an trade advocate and increase the expansion of Utah’s personal thriving life sciences cluster.

Salt Lake Metropolis was the 14th-largest life sciences actual property market among the many 45 entries we in contrast for this rating. Totaling 1.5 million sq. ft, native life sciences inventory accounted for almost 2% of office space in Salt Lake City and included roughly 305,000 sq. ft of LEED-certified property. Additionally one of the crucial accessible workplace markets on the listing, SLC landed among the many 20 most reasonably priced markets by common asking price, in addition to third for common emptiness price in native workplace area.

16. Dallas-Fort Price Metropolitan Space

In 16th place was the Dallas-Fort Price metropolitan space — the second Texas entry to rank among the many high 20 U.S. metros for all times sciences in 2022 with a complete rating of 20.6 factors. The metroplex’s strongest metrics mirrored a sizeable expertise pool and a comparatively accessible workplace market.

Particularly, 744,000 residents aged 25 years or older maintain at the least a bachelor’s diploma in science and engineering and/or engineering-related fields — an academic attainment indicator for which DFW scored seventh-best. When it comes to actual estate-related boundaries to entry, the Dallas-Fort Price metroplex scored Tenth for common emptiness price. It was additionally Fifteenth-most reasonably priced by common asking price for workplace area out there.

Consequently, the distinctive blended bag of regional benefits has attracted manufacturers like BioLabs, which selected Dallas office and coworking space for its ninth location. It’s the life sciences coworking area supplier’s first startup incubator location within the heartland.

17. Minneapolis-St. Paul Metropolitan Space

Based on the Minneapolis-Saint Paul Regional Financial Improvement Partnership (Larger MSP), the Twin Cities metro space is a world hub of life sciences innovation and commercialization, residence to greater than 750 well being and life sciences firms and the best density of medical system jobs within the nation. On the similar time, the realm additionally claims a number of the lowest working prices amongst life sciences clusters within the U.S.

In our rating, the Minneapolis-St. Paul metro space earned a complete rating of 20.42 factors and landed seventeenth among the many nation’s high metros for all times sciences companies. The very best-scoring metrics for the Minnesota entry mirrored its comparatively decrease common asking rents (8.62 factors out of 10 for affordability of office space in Minneapolis-St. Paul) and life sciences employment, an indicator for which the metro obtained the Tenth-best rating.

Furthermore, life sciences academic attainment ranges positioned the Twin Cities area among the many 15 most educated expertise swimming pools in our rating: Greater than 460,000 space residents aged 25 years or older maintain a bachelor’s diploma in science and engineering and/or engineering-related fields.

18. Denver Metropolitan Space

The Denver metropolitan space has been steadily establishing itself as an necessary hub of innovation and has persistently ranked among the many top cities for startups in the U.S. Though not as synonymous with life sciences as markets positioned increased in our rating, Denver has been a rising space of curiosity since at the least 2016, when main biopharma firms had already established a notable presence within the area.

With a complete rating of 20.02 factors, Denver positioned 18th in our rating of high U.S. metros for all times sciences analysis and companies. Just like different metropolitan areas at this finish of the rankings, the Denver-Aurora-Lakewood MSA earned its highest scores for the accessibility of its workplace market: 5.81 factors out of 10 for common emptiness price and seven.8 factors out of 10 for common workplace asking price.

Equally, the Denver metro was the Eleventh-largest life sciences actual property market among the many 45 entries we in contrast for this rating. Totaling 2.2 million sq. ft, native life sciences inventory accounted for almost 1.2% of office space in Denver and included almost 112,000 sq. ft of LEED-certified property.

19. Cincinnati Metropolitan Space

2009 University of Cincinnati study researching the expansion of the biotechnology sector in typical American metropolitan areas famous that Cincinnati was a case examine for all times sciences hub technology. Apparently, this was as a result of its entrepreneurial ties with universities and analysis hospitals, slightly than natural gravitation towards pure benefits discovered within the area. A decade later, a 2019 CBRE report monitoring U.S. life sciences clusters positioned for long-term progress ranked Cincinnati among the many high 20 markets for all times sciences expertise.

In our present rating, Cincinnati positioned 19th with an total rating of 19.16 factors and stood out as residence to one of the crucial accessible workplace markets among the many entries we in contrast. Particularly, Cincinnati office space ranked second-most reasonably priced with a rating of 9.94 factors out of 10 for the typical asking price indicator. The market additionally ranked seventh by common emptiness price. However, as demand for all times sciences actual property grows in all hubs throughout the nation, Cincy is perhaps challenged by a scarcity of lab area within the coming years. The almost 235,000 million sq. ft of current life sciences properties accounted for lower than 1% of the native workplace market. It’s price noting, although, that life sciences inventory right here was about 57% LEED-certified (132,764 sq. ft).

20. Kansas Metropolis Metropolitan Space

Kansas Metropolis continues to carve out its place amongst high locations for progressive industries. Straddling the 2 states of Missouri and Kansas, this metro space is residence to main universities and analysis institutes which have contributed drastically to it rating among the many best cities for startups in the U.S., due to excessive startup progress price and density, in addition to notable progress in tech employment.

On this yr’s rating, KC rounded out the highest 20 U.S. metros for all times sciences with a complete rating of 18.41 factors. The metro additionally stood out as one of many 15 largest life sciences markets among the many 45 metros we in contrast. Totaling 1.5 million sq. ft, native life sciences inventory accounted for almost 2% of Kansas City office space — the Eleventh-largest market share in our rating — and included almost 322,000 sq. ft of LEED-certified property.

Methodology

For this report, we ranked 45 metropolitan statistical areas by eight metrics (indicators) throughout two classes: expertise pool and the native workplace market. We thought of native life sciences employment and native life sciences academic attainment as probably the most related expertise pool indicators. Within the life sciences workplace market class, we scored information on: current life sciences sq. footage out there; the share that this accounted for throughout the total native workplace market; how a lot life sciences sq. footage was LEED-certified; how a lot new life sciences property was presently within the pipeline in every metro space; the newest native common workplace asking charges; and the newest information on the typical emptiness price in every of the metros we analyzed.

For every metric, the variety of most factors was evenly distributed between the bottom and the best metric values. On this scale, a rating was calculated for every metropolis primarily based on its metric values. The components (metrics) on which we primarily based the composite scores are defined under. For common workplace asking charges, the variety of factors awarded was inversely proportional to the metric values. For all different indicators, the variety of factors awarded was instantly proportional to the metric values.

For “Native Life Sciences Employment,” we thought of the variety of individuals employed domestically in related professions (listed under) as per the most recent Occupational Employment and Wage Statistics (OEWS) report launched by the U.S. Bureau of Labor Statistics in Might 2021:

  • Animal Scientists (SOC Code191011)
  • Meals Scientists and Technologists (SOC Code191012)
  • Biochemists and Biophysicists (SOC Code191021)
  • Soil and Plant Scientists (SOC Code191013)
  • Foresters (SOC Code191032)
  • Conservation Scientists (SOC Code191031)
  • Medical Scientists, Besides Epidemiologists (SOC Code191042)
  • Epidemiologists (SOC Code191041)
  • Life Scientists, All Different (SOC Code191099)
  • Microbiologist (SOC Code191022)
  • Zoologists and Wildlife Biologists (SOC Code191023)
  • Organic Scientists, All Different (SOC Code191029)

The place information was not obtainable, the worth was defaulted to zero. The utmost weight for this metric was 15 factors.

For “Life Science Academic Attainment,” we appeared on the variety of individuals holding at the least a bachelor’s diploma in Science and Engineering and Science and Engineering-Associated Fields, as per the U.S. Census 2020 S1502 5YR desk. The utmost weight for this metric was 15 factors.

For “Life Science Sq. Toes Whole,” we turned to CommercialEdge analysis information on workplace properties of at the least 25,000 sq. ft in measurement and included the sq. footage representing laboratory and assist services in properties that had been residence to pharmaceutical trade operations, contract analysis organizations, biotech corporations, contract manufacturing, medical system firms and the genomics trade. For this metric, New York MSA information referred to Manhattan and Queens. The utmost weight for this metric was 15 factors.

We additionally used CommercialEdge analysis information to estimate the “% of Workplace Market Whole” that life sciences workplace area accounted for throughout the whole workplace stock of the first workplace market in every metropolitan space. For this metric, New York MSA information referred to Manhattan and Queens. The utmost weight for this metric was 10 factors.

Beneath “Life Science LEED Sq. Toes,” we included all LEED-certified life sciences workplace sq. footage out there, as outlined above and tracked by CommercialEdge. For this metric, New York MSA information referred to Manhattan and Queens. The utmost weight for this metric was 10 factors.

The “Workplace Asking Charge” and “Workplace Emptiness Charge” represented Might 2022 common asking charges and emptiness charges, respectively, for all workplace properties, as tracked in every market. Values for this metric had been as of June 1, 2022. New York MSA information referred to Manhattan and may mirror averages totally different than elsewhere within the metro. The utmost weight for every of those two indicators was 10 factors.

Beneath “Life Science Pipeline,” we included the collective sq. footage of life sciences workplace tasks that had been potential, deliberate and underneath development in every of the metros we analyzed. For this metric, New York MSA information referred to Manhattan and Queens. The utmost weight for this metric was 15 factors.

Rating Scores for the High U.S. Metropolitan Areas for Life Sciences Firms in 2022

The metropolitan areas within the desk under are introduced in reducing order of whole level rating. Use the horizontal scroll characteristic to view information in all columns. See the article methodology for additional particulars.
Information sources: U.S. Census Bureau, U.S. Bureau of Labor Statistics, and CommercialEdge Analysis.

Rank MSA Whole Rating Life Science Employment
(max. pts: 15)
Life Science Academic Attainment
(max. pts: 15)
Life Science SqFt Whole
(max. pts: 15)
% of Workplace Market Whole
(max. pts: 10)
Life Science LEED SqFt
(max. pts: 10)
Common Workplace Asking Charge
(max. pts: 10)
Common Workplace Emptiness Charge
(max. pts: 10)
Life Science Pipeline
(max. pts: 15)
1 Boston-Cambridge-Newton, MA-NH 75.35 pts 15.00 4.74 15.00 7.83 10.00 6.19 1.60 15.00
2 San Francisco-Oakland-Berkeley, CA 46.89 pts 8.86 5.39 8.30 6.61 2.97 1.94 5.80 7.01
3 San Diego-Chula Vista-Carlsbad, CA 40.47 pts 6.19 2.34 7.40 10.00 2.67 5.87 3.15 2.85
4 New York-Newark-Jersey Metropolis, NY-NJ-PA 33.64 pts 11.33 15.00 1.72 0.40 0.26 0.00 4.03 0.89
5 Washington-Arlington-Alexandria, DC-VA-MD-WV 33.59 pts 8.16 6.66 2.39 0.78 0.05 6.02 4.57 4.96
6 Chicago-Naperville-Elgin, IL-IN-WI 29.48 pts 3.97 6.30 1.71 0.64 0.85 8.32 7.20 0.49
7 Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 29.07 pts 5.79 4.08 2.52 1.69 0.35 8.08 3.17 3.40
8 Raleigh-Cary, NC 29.06 pts 1.37 0.81 4.27 7.28 0.41 8.02 4.58 2.32
9 Seattle-Tacoma-Bellevue, WA 27.91 pts 4.77 3.44 2.93 2.41 0.95 6.67 4.96 1.78
10 Houston-The WoodlandsSugar Land, TX 27.49 pts 2.95 4.06 1.38 0.69 0.25 7.64 10.00 0.52
11 Los Angeles-Long BeachAnaheim, CA 25.48 pts 5.63 8.66 0.61 0.20 0.71 5.63 3.45 0.56
12 Atlanta-Sandy SpringsAlpharetta, GA 23.80 pts 1.80 3.66 0.22 0.07 0.15 7.91 7.35 2.63
13 Detroit-Warren-Dearborn, MI 21.85 pts 0.89 2.26 0.29 0.21 0.20 9.49 8.42 0.08
14 Baltimore-ColumbiaTowson, MD 21.21 pts 2.53 1.88 1.18 1.65 0.54 8.84 4.13 0.46
15 Salt Lake Metropolis, UT 21.01 pts 1.25 0.24 0.90 1.69 0.22 8.82 7.89 0.00
16 Dallas-Fort WorthArlington, TX 20.60 pts 1.82 4.13 0.26 0.04 0.00 7.99 6.27 0.09
17 Minneapolis-St. PaulBloomington, MN-WI 20.42 pts 3.72 2.35 1.20 1.07 0.00 8.62 3.46 0.00
18 Denver-AuroraLakewood, CO 20.02 pts 1.77 2.10 1.32 1.00 0.08 7.80 5.81 0.14
19 Cincinnati, OH 19.16 pts 0.70 0.82 0.10 0.23 0.10 9.94 7.27 0.00
20 Kansas Metropolis, MO 18.41 pts 0.96 0.81 0.87 1.59 0.23 9.43 4.41 0.12
21 Saint Louis, MO 17.88 pts 0.40 1.24 0.61 1.09 0.23 9.18 5.14 0.00
22 Pittsburgh, PA 17.67 pts 0.91 1.15 0.37 0.62 0.00 8.62 6.01 0.00
23 MilwaukeeWaukesha, WI 17.54 pts 0.41 0.46 0.00 0.00 0.00 9.33 7.34 0.00
24 Columbus, OH 17.38 pts 0.59 0.90 0.44 0.83 0.03 9.67 4.26 0.65
25 Jacksonville, FL 17.33 pts 0.09 0.34 0.01 0.08 0.06 9.38 7.38 0.00
26 Sacramento-Roseville-Folsom, CA 17.28 pts 1.51 1.13 0.14 0.22 0.00 8.67 5.30 0.32
27 PhoenixMesaChandler, AZ 17.16 pts 0.81 2.29 0.71 0.66 0.28 8.41 4.00 0.00
28 IndianapolisCarmel-Anderson, IN 16.75 pts 0.56 0.74 0.34 0.75 0.00 9.57 4.78 0.00
29 San AntonioNew Braunfels, TX 16.69 pts 0.54 0.72 0.07 0.16 0.00 8.70 6.46 0.05
30 Portland-Vancouver-Hillsboro, OR-WA 16.29 pts 1.81 1.59 0.40 0.76 0.45 8.22 2.87 0.20
31 Bridgeport-Stamford-Norwalk, CT 15.99 pts 0.15 0.28 0.60 0.82 0.00 7.87 5.94 0.33
32 Oklahoma City, OK 15.33 pts 0.33 0.14 0.23 1.05 0.00 10.00 3.32 0.25
33 TampaSt. PetersburgClearwater, FL 15.30 pts 0.70 1.36 0.18 0.31 0.16 8.24 4.34 0.00
34 Orlando-Kissimmee-Sanford, FL 15.24 pts 0.27 0.98 0.05 0.10 0.04 9.10 4.71 0.00
35 Birmingham-Hoover, AL 14.35 pts 0.16 0.02 0.09 0.49 0.00 9.54 4.04 0.00
36 Grand Rapids-Kentwood, MI 13.99 pts 0.09 0.01 0.35 2.08 0.00 9.24 2.23 0.00
37 AustinRound Rock-Georgetown, TX 13.80 pts 0.96 1.37 0.36 0.48 0.11 5.16 5.29 0.06
38 Rochester, NY 13.74 pts 0.01 0.20 0.65 3.21 0.00 9.68 0.00 0.00
39 Charlotte-Harmony-Gastonia, NC 13.61 pts 0.20 1.05 0.28 0.46 0.00 7.24 4.38 0.00
40 Cleveland-Elyria, OH 13.59 pts 0.00 0.67 0.12 0.17 0.04 9.64 2.96 0.00
41 MiamiFort Lauderdale-Pompano Seaside, FL 13.33 pts 1.31 3.30 0.33 0.56 0.19 4.72 2.93 0.00
42 Richmond, VA 12.82 pts 0.45 0.37 0.22 0.43 0.00 9.15 2.13 0.08
43 New Orleans-Metairie, LA 12.26 pts 0.04 0.15 0.00 0.13 0.05 9.55 2.35 0.00
44 Buffalo-Cheektowaga, NY 12.11 pts 0.38 0.15 0.07 0.45 0.08 9.84 1.15 0.00
45 Omaha-Council Bluffs, NE-IA 11.54 pts 0.37 0.00 0.03 0.15 0.00 8.83 2.16 0.00

Disclaimer

Whereas each effort was made to make sure the timeliness and accuracy of the knowledge introduced herein, the knowledge is supplied “as is” and neither CommercialCafe nor CommercialEdge can assure that the knowledge supplied is full. This report is for basic informational functions solely. It doesn’t represent and shouldn’t be relied upon as a foundation for any funding choice. The knowledge introduced is topic to vary with out discover and will or might not apply relying on the circumstances. All the time contact a professional funding advisor if you happen to want recommendation relating to shopping for, promoting or in any other case transacting in any funding.

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