San Francisco Life Sciences Sector Growth: Latest Report

The life sciences industry in the San Francisco Bay Area is one of the fastest-growing life sciences markets in the United States, according to a new report from CBRE. The study indicates that despite economic turmoil, this region has exceeded the national average for funding. CBRE Vice Chairman Gregg Domanico noted that “Industry fundamentals remain strong and have supported employment growth in life sciences” with record high investments pushing science into clinical stages and signaling potential for further rapid growth.
San Francisco received over $2 billion from NIH funding in 2022 – fourth highest total nationwide – which was up 17.6% since 2019; developers also remain optimistic about future prospects with 9.3 million square feet of space currently under development (second most across US).
For those interested to meet experts like Red Oak Capital Holdings CEO Gary Betchel, there are opportunities available by attending events such as Connect LA on May 3 at Hotel Indigo .