In the 9th Annual BioHealth Capital Region Forum, Pete Briskman, Executive Managing Director and Co-Lead for the Mid-Atlantic Life Sciences Practice, offered a thorough update on the BioHealth Capital Region (BHCR) and its significant strides in the life sciences sector.
BHCR’s Noteworthy Achievements:
- Securing the #3 rank among Life Science Clusters.
- Leading the nation in the number of biotechnology patents.
- Holding a prominent third position in total NIH grant funding.
- Establishing itself robustly as the third-largest science cluster.
National Overview and Industry Trends:
- An exploration into key industry trends as of mid-year 2023.
- Insights into Commercial real estate (CRE) fundamentals and anticipated market corrections.
- Observations on leasing dynamics, VC activity, and tenant behaviors.
BHCR in the National Context:
- Comparative analysis of BHCR with leading markets like Boston and SF Bay Area.
- BHCR’s consistent and continued rent stability amidst fluctuating rents in top-tier markets.
- A detailed look at VC investments and IPO trends in the life sciences sector.
Looking Ahead:
- Anticipating potential reductions in available funding and investment for startups and early-stage companies.
- Exploring how the search for IP will drive companies to acquire promising startups.
- Understanding the potential slowdown in new development until interest rates stabilize and activity picks up.
Pete Briskman’s deck not only revisits the accomplishments of the BHCR but also provides a detailed analysis of its position in the national context and a forward-looking perspective on trends and strategies in the life sciences sector.
Explore the Full Deck to delve deeper into these insights and equip yourself with a thorough understanding of the BHCR’s trajectory, challenges, and opportunities in the evolving landscape of the life sciences industry.