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biotech health lab
Photographer: Dhiraj Singh/Bloomberg
The Big Take

The $10 Billion Bright Spot in the Battered World of Office Real Estate

Blackstone, KKR and other investors are betting on laboratory space as vaccines fuel the economic rebound.

Even as the remote-work era clouds the future for offices, one segment of the business is drawing cash from investors including Blackstone Group Inc. and KKR & Co.

More than $10 billion has gone toward buying buildings used for life sciences and other research this year, according to Real Capital Analytics Inc. That accounted for approximately 4% of all global commercial real estate transactions through May, double the share from last year.