Life sciences in Asia Pacific: A booster for growth
The life sciences sector in Asia Pacific looks poised for growth, but a space crunch could impact occupiers’ real estate decisions, according to a JLL survey.
Life science occupiers are flocking to the Asia Pacific region, lured by its proximity to quality talent and strong consumer markets.
The sector’s profile and profitability, boosted by the pandemic, is further driving confidence for the future. More than three quarters of the corporate real estate and facilities management professionals surveyed by JLL believe the outlook for life sciences in the region will improve between now and 2025.
Occupiers in the sector are not only looking to take up more space but are also increasingly seeking longer leases or ownership to secure quality, specialised space for the long term.
In this survey report, we gathered more insights from life sciences organisations about their views on the sector’s outlook, its implications on their future real estate needs, and the opportunities emerging for real estate developers, occupiers, and investors.
Download the JLL Life sciences survey report to learn more.