Suburban Scoop

Developers Race to Meet Demand as Lab Space Vacancies Evaporate

on August 05, 2015

BioMed Realty's i3 life science campus

The life science industry in San Diego is smoking hot, to the point that we are now seeing a near-shortage of available lab space in the region. Huge injections of capital from private investors, along with a wide-open window for life science IPOs, have left biotech, medical device and diagnostics companies flush with cash. These companies are snapping up wet lab / research space at an unprecedented rate, and developers are responding in force with nearly a million square feet of new space set to come online in the next 1-2 years.

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David Marino

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