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Q4 2021 Puget Sound Life Science Report

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Life science companies, nationally and in the Puget Sound, have fared well throughout the past six months, with the COVID-19 pandemic serving as a catalyst for growth. This has spurred leases at Dexter Yard, eleven50, and Boren Labs, reducing future availability of lab space that is currently under construction. Since September, there have been three investment sales totaling $426 million: BioMed Realty’s purchase of Northedge for $220 million, Lincoln Property Company (LPC)/Invesco’s purchase of Cascadian for $165 million, and LPC/Intercontinental’s purchase of Da Li’s 188,000 square foot development at 222 5th Avenue N for $42 million.

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Q4 2021 Puget Sound Life Science Report

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Jacob Pavlik

Research Manager

Seattle

Jacob Pavlik joins the Colliers team after working in the Economic Development and Planning departments for the cities of Hillsboro, Oregon and Alexandria, Virginia, respectively.  At Colliers, he leads a team of researchers to  collect, analyze, and synthesize market data for Puget Sound and Portland. He loves the challenge of taking complex data and making it easily digestible for a wide audience. He assists brokers with research specific to their client's needs, including geovisualizatoin and micromarket analysis.

His authentic passion for commercial real estate is seen most clearly when Jacob explores his local urban ecosystem and travels to new cities around the world to see how they function and relate to each other. He likes to see the built environment adapt to the changing needs, desires, and behaviors of the people who populate it. These functions fit perfectly into Jacob's role as Research Manager, telling the story of how commercial real estate in the Pacific Northwest evolves over time.

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