Demand for Biomedical Facilities 

  • April 20, 2000
  • • Written by: Oakleigh J. Thorne, CRE

Spring 2000, Vol 25, No 1

Abstract: As the biotechnology industry continues to expand, new real estate facilities are demanded by expanding firms and new entrants to the bio-sector. According to National Science Foundation’s (NSF) surveys, a large amount of the existing building stock housing research for medical and biological activities is obsolete. Industry growth and grants from the NSF and the National Institutes of Health (NIH), and linkages with medical schools are one set of location factors affecting the site selection process. Diversity of medical and pharmaceutical research endeavors illustrate the need to have proximity to an educated and technically skilled labor force, as evident from the concentration of these activities in the coastal regions of the United States.