Top U.S. Life Sciences Clusters Revealed: Did Your City Make the List?

Top U.S. Life Sciences Clusters Revealed: Did Your City Make the List? 
JLL's 2014 Global Life Sciences Cluster Report Identifies the Top
U.S. Cities for Biotech Business and Research 
SAN DIEGO, CA -- (Marketwired) -- 06/25/14 --  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 (NYSE: JLL) third annual Global Life
Sciences Cluster Report released today at the BIO International
"The right-sizing and reshuffling of the global biopharmaceutical
companies has left its mark on key U.S. cities," said Roger Humphrey,
Executive Managing Director of JLL's Life Sciences group. "The
strongest U.S. clusters have retained their competitive advantages,
and continue to thrive as top centers of talent and innovation." 
The 2014 JLL Global Life Sciences Cluster Report analyses top U.S.
life sciences clusters, ranks the cities for their prominence in the
industry and also offers an analysis of global trends in 17
Top U.S. life sciences clusters 
U.S. life sciences clusters with a large presence of small start-ups,
mid-tier biotech firms and specialty companies flourished in 2013,
with moderate increases in year-on-year employment and
establishments. Conversely, clusters with a major-tenant base, such
as large headquarter campuses or manufacturing sites, generally
experienced declining employment. Below is the 2014 ranking of the
top 10 U.S. life sciences clusters: 

Rank  2014 Cluster Report    2013 Cluster Report     Year-Over-Year Trends  
  1  Greater Boston (no    
  Greater Boston          -- Across the board,  
     change)                                         small and mid-size     
---------------------------------------------------- companies are driving  
  2  San Francisco Bay Area  San Diego               most facility
     (+1)                                            development and 
---------------------------------------------------- leasing transactions.
  3  San Diego (-1)          San Francisco Bay Area  -- Boston remains the      
---------------------------------------------------- clear world leader.        
  4  Raleigh-Durham (no      Raleigh-Durham          -- San Diego's ranking 
     change)                                         drop is largely due to     
---------------------------------------------------- reduced demand for         
  5  New Jersey/NYC          Philadelphia            resources by mature        
     /Westchester (+2)                               companies as smaller       
---------------------------------------------------- enterprises have       
  6  Los Angeles/Orange      Washington D.C. Metro   flourished.            
     County (+2)             Area                    -- Despite HQ         
---------------------------------------------------- relocations and        
  7  Philadelphia (-2)       New Jersey / New York   consolidations, New    
                             City                    Jersey/NYC/Westchester
---------------------------------------------------- gained in rank.       
  8  Suburban Maryland/Metro Los Angeles / Orange    -- No new additions or
     Washington DC (-2)      County                  drop-offs to the Top   
---------------------------------------------------- 10.                     
  9  Minneapolis/St. Paul    Minneapolis-St. Paul                           
     (no change)                                                            
 10  Seattle (no change)     Seattle                                        
Source: JLL 2014 Global Life Sciences Cluster Report                        

Boston continues to lead in life sciences resources  
The Greater Boston Area once again tops the U.S cluster scorecard.
Although San Diego and the San Francisco Bay Area reported higher
year-over-year employment growth, Boston's ability to attract venture
capital and U.S. National Institutes of Health funding secures its
position as the top life sciences cluster in the world. All three
cities are expected to lead the United States' life sciences industry
in the coming years because of the critical mass of start-ups and
mid-tier companies, leading research institutions, access to private
and public funding, and local leaders focused on growing their life
sciences industries. With three of the country's top 10 clusters,
California is the top U.S. state for life sciences innovation.  
"Los Angeles and Orange Counties' continued prominence as a global
life sciences cluster underscores the immense talent and resources
that are located within southern California and the County of San
Bernardino," said Kelly Reenders, Economic Development Agency
Administrator for San Bernardino County, part of the Los
Angeles/Orange County life sciences cluster that ranked number six on
JLL's list. "Our region has long provided leading centers of research
such as the Loma Linda University Medical Center and Children's
Hospital, and infrastructure such as manufacturing facilities and an
educated workforce that support the life sciences."  
Global shifts in innovation, markets  
Following the "gloom and doom" era of patent expirations, depleted
product pipelines and uncertainty in U.S. healthcare reform, 2013
brought new energy to the life sciences sector. As Big Pharma
retrenches, small- to medium-sized companies and specialty players
are steadily growing, propelling initial public offerings to a volume
not seen in years. Across the board, small and mid-size companies are
driving most facility development and leasing transactions. 
As detailed in the 2011 Global Life Sciences Cluster Report, the life
sciences industry's move to more profitable models has led to a
facilities footprint evolution. More than a third of life sciences
companies anticipate reducing or consolidating their real estate
portfolios in European markets, while shifting production facilities
or even entire business units and R&D centers to emerging markets,
according to JLL's 2014 Corporate Real Estate Trends for the Life
Sciences Sector survey of corporate real estate executives.  
The need for strategic corporate real estate portfolio planning is at
an all-time high, as companies of all sizes seek operating
efficiencies. Beyond strategic site selection, the life sciences
sector has become the most active in outsourcing portfolio and
facilities management, according to
 the Corporate Real Estate Trends
report, with 22 percent fully outsourcing these functions, compared
to 13 percent in other industries. Facilities management outsourcing
is expected to grow in the life sciences sector in the next three
years, expanding "beyond the yellow line" to encompass management of
laboratory and production equipment, hazardous waste, supply chain,
facilities regulatory compliance and other critical areas.  
About the Report 
JLL's annual Global Life Sciences Cluster Report tracks geographic
shifts in life sciences innovation, operations and facilities
investments, including analysis of countries and cities most actively
investing in their life sciences sectors. It includes a ranking of
the top U.S. life sciences clusters, as well as analyses of life
science hotspots around the world. The complete findings of the
Global Life Sciences Cluster Report are available in a dedicated
microsite here:  
JLL offers a team of real estate and facility management experts
dedicated to helping life sciences companies optimize and manage
their real estate portfolios. The firm provides a comprehensive range
of facilities management services to the life sciences community
covering 75 million square feet of research, manufacturing and
commercial space. Its industry leading full-service platform
includes: integrated facilities management, engineering and
operations, energy and sustainability, transaction advisory services,
lease administration, project management and a platform for
comprehensive laboratory services, Labwell.  
A leader in the real estate outsourcing field, JLL's Corporate
Solutions business helps corporations improve productivity in the
cost, efficiency and performance of their national, regional or
global real estate portfolios by creating outsourcing partnerships to
manage and execute a range of corporate real estate services. This
service delivery capability helps corporations improve business
performance, particularly as companies turn to the outsourcing of
their real estate activity as a way to manage expenses and enhance
For more news, videos and research resources on JLL, please visit the
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About JLL  
JLL (NYSE: JLL) is a professional services and investment management
firm offering specialized real estate services to clients seeking
increased value by owning, occupying and investing in real estate.
With annual fee revenue of $4 billion, JLL has more than 200
corporate offices and operates in 75 countries worldwide. On behalf
of its clients, the firm provides management and real estate
outsourcing services for a property portfolio of 3 billion square
feet and completed $99 billion in sales, acquisitions and finance
transactions in 2013. Its investment management business, LaSalle
Investment Management, has $48.0 billion of real estate assets under
management. JLL is the brand name of Jones Lang LaSalle Incorporated.
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