CHICAGO, ILLINOIS (January 4, 2023) - BJ Feller, senior vice president/managing director in Northmarq's Chicago office joined a group of leading life sciences industry analysts and experts who looked into trends and predictions for 2023 in a Bisnow story titled "Life Sciences Real Estate 2023: Resolutions And Recalibration For A Cautious Year Ahead." The story notes a consensus that the new year will bring a much more cautious approach to investment, a reflection of larger macroeconomic challenges, yet continued long-term investment in an asset class that continues to grow in importance.
Feller noted that one trend to watch, although not in an emerging market, is conversions in downtown San Francisco. He predicted the tech downturn, and layoffs at big firms, will open up a lot more opportunity for redevelopment and conversions in prime Bay Area locations. “The Bay Area would love to see, say, 5% of the employment base switch from tech to life sciences,” he said.
Other topics included:
- A Buyer’s Market For Space
- Automation And AI Impact Lab Design
- The Evolution Of Emerging Markets
- Uptick In Acquisitions
- The All-Electric Lab Building Becomes A Bigger Deal
- Capital Flows Remain Steady
- Biomanufacturing Facilities Get Smaller And More Personalized