While Los Angeles may not be the first city that comes to mind when people think of life sciences powerhouses, that may soon change. A March 2023 Cushman & Wakefield report found that life sciences employment in the region has risen by 13.4% over the last decade.
Patrick Schubert, a partner at architecture firm Ennead Architects, said it is time the LA commercial real estate industry takes notice of the burgeoning life sciences market and the growing demand for lab space in the area.
“While life sciences represent a small percentage of the commercial real estate in LA, there’s an increasing demand for…