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2022 Life Science Spring Snapshot

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Colliers’ Spring Life Sciences Snapshot compares life science industry performance in markets across the U.S. Our Snapshot analyzes the relative performance of markets by considering various fundamentals, funding, and talent metrics. The summarized results allow occupiers, landlords, investors, and market participants to easily assess markets.

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2022 Life Science Spring Snapshot

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Related Experts

Joseph Fetterman

Executive Vice President | Healthcare and Life Sciences

Philadelphia

Joe joined Colliers International in 2012 to lead and grow Colliers’ Office Brokerage Division.  Today he focuses on providing strategic solutions to local, national and global Health Care, Life Sciences and Corporate clients. Joe’s background in architecture, real estate development and financial analysis provides clients with an experienced professional and strategic leader who integrates  complex factors to create successful results for clients

Joe is a Healthcare Fellow and serves on Colliers National Healthcare Services and Life Sciences Steering Committees. 

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Michael Brown

Senior Vice President

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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David Burden

Principal and Executive Vice President

Chicago - Downtown

David Burden leads Occupier Services Chicago Area, a team that provides transaction and corporate advisory real estate services from Chicago across NA and the world.  David advises clients locally and accounts globally for space requirements in office, lab, industrial, retail, hospitality and specialty uses.  His experience stems from thousands of lease and sale transactions ranging from small offices to headquarters, restaurants, land and distribution spaces to manufacturing.  

David is currently the director of the firm's Life Sciences Practice Group, working closely with biotech companies.  He is also a founding member of the Tenant Advisory Council (fka Occupier Services Group) consisting of the firm's Top 100 "Tenant Rep" brokers who colloborate on multi-city assignments globally.  His hospitality, food company and financial services clients also hve given him the opportunity to develop expertise in Retail Services Group and as member of the Food & Beverage Practice Group.  He and his team of transaction management professionals take a comprehensive approach to be a one-stop point of contact for account management, lease administration, workplace strategy, labor analytics, capital markets, project management, demographics and incentives procurement services. 

Prior to joining Colliers in 2008, he worked in similar corporate services capacities at CBRE and C&W.  Earlier in his career, David worked on Capitol Hill in economic development roles before pursuing his MBA while working as a site selection consultant at Arthur Andersen LLP.  

David and wife Kristy met at the University of Illinois, married in 2001, and are blessed with three sons.

 

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Aaron Jodka

Director, National Capital Markets Research

Boston

As Director of Research | U.S. Capital Markets, Aaron is responsible for all aspects of research within the Capital Markets platform. He synthesizes and interprets a variety of data and information to stay ahead of trends that put our clients in an optimal position to make informed decisions. Aaron promotes the Colliers brand via best-in-class research reports, weekly insight posts, thought leadership, and contributions to numerous panels, media outlets, and industry events.

Aaron collaborates with every team at the firm and wears many hats: in-house economist, advisor, consultant, thought leader, strategic business analyst, presenter, and, of course, researcher. He connects with various industry experts within the Colliers organization to provide a customized solution for each client.

With a deep understanding of markets throughout the country, he provides a unique perspective on market dynamics across asset types and investment strategies, providing clients with tailored data and analytics to ultimately guide decision-making solutions.

Before joining Colliers, he spent 11 years with Property & Portfolio Research (PPR), now CoStar Portfolio Strategy. There, he advised institutional clients on their commercial real estate investment strategies across property sectors and also spoke at industry events, quarterly CoStar webinars, and in front of client audiences. Aaron also led and directed a team of economists who monitored property markets across the United States. Near the end of his tenure, he helped establish a new business unit at CoStar, leading in the hiring, training, and coaching of a team of 50 market analysts. 

Outside of the office, Aaron can be found cheering on his children at their extracurricular activities. He also enjoys hiking, travel, relaxing at home or at the lake, or plugging away at one home project or another. Last but not least, he's an avid fan of Boston sports teams.

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