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Life Sciences Are Experiencing Vitality 2021 Overview with Mike Brown

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Life sciences developers in the top 12 US markets have doubled over the last three years

“The demand side of the industry remains very strong,” Brown said. “The major market drivers of good science, record-level funding and the new pandemic spotlight on the life sciences sector have combined with the limited but growing supply of quality ‘purpose-built’ research and process manufacturing space and the slowdown of demand for real estate in the office and retail segments of the market.”

Life sciences developers in the top 12 US markets have doubled over the last three years. The very specialized manufacturing facilities used to be a product that developers avoided, but things have changed with the evolution of both science and flexible construction techniques. This movement may become a fresh trend, but Brown cautions investors and landlords looking to reposition vacant segments of their traditional office portfolios due to the very detailed and expensive requirements of purpose-built life sciences space.

Read more from Globe street here


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Michael Brown

Senior Director, Office Services

Jacksonville

As the National Leader of Colliers Global Life Science Practice Group, I bring 43 years of commercial real estate experience and 22 years of experience focusing on life science real estate. My acquired knowledge in life science work has been on both the landlord (Wexford Science & Technology) and the tenant side within the industry.

I have experience with Advanced Therapeutic Medicinal Products, Parenteral Fill Finish, Solid Oral Dosage, Biologics, and Medical Device manufacturing facilities, as well as a solid background in Laboratory Research and Development/Pilot scale facilities and controlled environments. Through my work on local, regional and national site selection assignments, I have developed a firm grasp of the rigorous process required to meet the key search criteria of my clients.  

My knowledge of market conditions and influences in the life sciences supports my ability to be creative in structuring the financial details of both lease and purchase transactions. My network of a wide variety of trusted advisors within the industry facilitates a regular flow of information about life science real estate trends, pricing, and comparable data for leasing and sales transactions.

Personal Goal:

To make sure that our team can deliver insightful and thoughtful life science real estate strategies to our clients, regardless of company size and the challenges they may face in entering and exiting the clinic successfully.

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Life Sciences Are Experiencing Vitality 2021 Overview with Mike Brown
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