Drawn to life collection3/4/2023 ![]() In the U.K., the value that life sciences bring to locations has recently been grasped by government, with several sites expected to benefit. In France, the area around the Paris-Saclay university continues to expand.īuilding vibrant hubs and communities is very much a long-term game, and one which requires investors who can commit capital more patiently – as well as support and encouragement from local and national governments, Meadows adds. Indeed, Boston’s life sciences scene owes much to its academic reputation, long-term planning, as well as its hosting of the world's biggest gathering of the biotech industry, the BIO International Convention. “That includes access to research institutes, teaching hospitals and universities – where the ideas are being created.” “There’s a lot of groundwork needed to make sure a whole ecosystem is in place, that’s key,” he says. But forming and creating new clusters and hubs that can truly thrive takes time, Meadows says. Whether in- or out-of-town, the desire to be close to highly skilled personnel and universities has always been a factor. “Cycling, hiking, hill-walking and quick access to fresh air cannot be discounted either,” McCready says. Not least in Boulder, where plans are afoot for a US$280 million purpose-built life science park. ![]() While urban life sciences may mean much of the above, in the U.S., cities with easy access to nature are also a draw. “It’s often a case of recreating that fertile academic scenario, where people can meet and share knowledge.” “Scientists also want a range of services and amenities, from bars and restaurants to gyms,” McCready says. ![]() The wider amenities offer is also a factor, he says. “That’s differentiation is often acting as the reason why some parts of town are more suited than others.” “Scientific computing may fit well with existing office configurations but being able to capture and accommodate lab-based science means higher floor-to-ceiling heights – while both require more power,” explains Travis McCready, executive director, US Life Sciences Markets at JLL. For instance, there are power requirements. Still, while the sector spreads, there are specific requirements that life science companies are looking for beyond their need for proximity to talent, affecting the design process for office landlords.
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