Global shifts in the life sciences landscape may be rewriting the global map, but U.S. cities continue to lead the world in biopharmaceutical resources and enterprises. Access to talent and research is keeping cities like Boston, San Francisco and San Diego at the top of the U.S. life sciences clusters list. Factors shaping these clusters, and the city rankings, were revealed in JLL’s third annual Global Life Sciences Cluster Report. This report analyzes the top U.S. life sciences clusters and ranks the cities for their prominence in the industry. For more resources and to download the full report, please visit: http://www.jll.com/cluster-report

1. Top U.S. Clusters
2014 Life Sciences Cluster Report

2. Greater Boston Area
1
• As home to major academic institutions, centers of excellence,
venture capital firms, start-ups and mature corporations—all within
minutes of each other, the region is one of the most competitive and
resilient markets in the nation
2

3. San Francisco Bay Area
3
2
• Region has long been a major hub of innovation in the life sciences
sector as is it home to not only several well-renowned life science
companies, but a multitude of smaller firms looking to innovate
the industry

4. San Diego
4
3
• A surge occurred in the life sciences initial public offering (IPO)
market in 2013 and four life sciences companies raised $364.0 million
and have all seen their share prices increase from the IPO price

5. Raleigh-Durham
5
4
• This life sciences cluster is familiarly called the Research Triangle
Region due to the geographic nexus of the area’s three leading
research institutions: Duke University, North Carolina State
University and The University of North Carolina at Chapel Hill

6. New Jersey/New York City/Westchester
6
5
• Founded in N.J., Johnson & Johnson became the first commercial
manufacturer of sterile surgical dressings. The life sciences industry
has since developed into one of the state’s leading economic engines
• NYC is emerging as the next hub for the growing life sciences industry
as three new biotech initiatives are launching in the city
• Life sciences was one of the only growth sectors in the Westchester
market through the recession, and during the subsequent recovery

7. Los Angeles/Orange County
7
6
• The L.A. life sciences sector maintains constant ties to leading
regional universities and research centers. Orange County life
sciences has grown to be a dominant industry with over 1,100
companies countywide

8. Philadelphia
8
7
• Philadelphia Metro Statistical Area (MSA) has been strong in the
“Eds and Meds” sector as suburban Philadelphia is home to
hundreds of life sciences companies ranging from small start-up
companies to large life sciences

9. Suburban Maryland / Metro DC
9
8
• A heavy concentration of life science companies are found in Rockville
and Gaithersburg, particularly along the I-270 corridor which is known
locally as “DNA alley” and emerging Frederick County lab market
continues to find its own niche north of the heavily concentration lab
facilities of the I-270 corridor

10. Minneapolis
10
9
• Region is an established leader in the life sciences industry with a
particular strength in medical device manufacturing. It has experienced
a significant resurgence from the downturn despite regulatory and
policy challenges, including implementation of the medical device tax

11. Seattle
11
10
• As one of the nation’s premier life sciences markets, nearly half of all
life sciences jobs in the area are based in research and development

12. Central & Southern Florida
12
11
• Region has shown increased activity among medical device and
pharmaceutical manufacturers within industrial space throughout the state

13. Denver
13
12
• Area has a limited supply of existing lab space; however, a number
of life sciences firms have toured the market for possible office-to-
lab conversions as well as flex space that is able to support
required infrastructure

14. Chicago Metro
14
13
• Federal government’s research sites and hospitals in the area provide
testing grounds for innovative research

15. Indianapolis
15
14
• Region is second largest exporter in U.S. life science goods and over
21% of its economic output is tied to life sciences, adding $55 billion to
the state’s overall economy

16. Have questions about your real estate needs in the Life
Sciences industry?
Contact Roger Humphrey: Roger.Humphrey@am.jll.com
16
Want to learn how these fourteen
cities are leading the way?
The 2014 Global Life Sciences Cluster Report analyzes the top
U.S. life sciences clusters, ranks the cities for their prominence in
the industry as well as offers an understanding of global trends
affecting seventeen countries.
Take a deeper diver into this research and download the
comprehensive, 143 page report.