Life-sciences firms continue to provide San Diego with some of its most-dynamic leasing, investment and development activity, according to a Q2 office report from Savills Studley. But what is causing this sector to thrive?
According to Michael Labelle, SVP and branch manager of Savills Studley’s San Diego office, the unique cluster of research institutions in the market has a lot to do with it. "The synergy among research institutions such as Scripps, local universities (UCSD) and entrepreneurs is surpassed only by San Francisco and Cambridge," Labelle tells GlobeSt.com exclusively. "Startups and more-established life-sciences and biotech firms—as well as investors—continue to look to these areas first for talent, expertise and investment opportunities..."What’s Driving SD’s Life-Sciences Sector?
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National Office Sector Report (Q2 2015)