Biotech Not Filling Property Void
Biotech and medical companies are supposed to be jewels of the Bay Area economy, but the economic malaise has tarnished the luster of those cutting edge industries, according to a new report.
Life science companies have scaled back their appetite to expand, or have even retrenched. A sluggish economy has combined with industry mergers such as Roche's proposed takeover of Genentech to produce a lot of uncertainties that loom over the industry.
The result: Vacancy rates have jumped for bioscience buildings, according to the report from Oakland-based market researcher Foresight Analytics LLC. These buildings are a commercial real estate subset of properties that have research, laboratory, clean rooms, offices or other facilities geared towards the biotech and medical devices industries.
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Life science companies have scaled back their appetite to expand, or have even retrenched. A sluggish economy has combined with industry mergers such as Roche's proposed takeover of Genentech to produce a lot of uncertainties that loom over the industry.
The result: Vacancy rates have jumped for bioscience buildings, according to the report from Oakland-based market researcher Foresight Analytics LLC. These buildings are a commercial real estate subset of properties that have research, laboratory, clean rooms, offices or other facilities geared towards the biotech and medical devices industries.
Read More
Arizona Internet Marketing
Arizona Biotechnology Marketing
Biotechnology News
Labels: Arizona, Arizona Biotech, Biotech, Biotech Institute
posted by Bill Austin - Biotech Not Filling Property Void
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