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How Maryland’s biotech cluster compares to other regions around the country

Suburban Maryland’s tech cluster is among the top 10 biotech regions in the U.S, ranking at No. 6 based on talent, funding availability and its real estate, according to a new report from real estate brokerage JLL.

“The region is the healthiest it has been in about a decade because of tenant growth, number of life sciences companies, mergers and acquisitions, a lowering vacancy rate and rising rental rates,” said Pete Briskman, a managing director in JLL’s Bethesda office. “However, that could also mean fewer opportunities in the future.”

Greater Washington’s life sciences hub could be facing a squeeze in coming years as companies progress to the point in the regulatory process where they would seek to expand into drug manufacturing because of the shrinking vacancy rate.

Read the full article from the Baltimore Business Journal.


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