Life Sciences Real Estate Boom May Outlast Logistics Rush

Law360 (May 13, 2021) While the rapid growth of e-commerce has generated much buzz around a robust logistics property market as retailers gobble up distribution space, life sciences real estate is also booming, and experts say the sector has the potential to outlast logistics and remain attractive for some time. Logistics and life sciences were strong before the pandemic, and both have received increased interest from investors in the past year. But the life sciences boom is in part being fueled by advances in technology as well as races to discover new therapies and treatments for cancer and other diseases, and lawyers say such races could mean demand for life sciences space will remain high for some time. "We are a long ways away from stopping our love for life science," said Tony Natsis, a partner and chair of global real estate at Allen Matkins Leck Gamble Mallory & Natsis LLP. "The pandemic I think increased the love for life science. People think that logistics has less runway. Life science is the complete darling of real estate," he added. "Logistics is second." Read more (subscription required)