UK life sciences sector powers central office demand

COMMENT: The UK life sciences sector demands attention. In 2018 it encompassed 5,600 companies, £64bn of annual turnover and 246,000 employees. Given the UK’s ageing population, technological change and rising quality-of-life expectations, the sector is primed for further growth.

Life sciences occupiers are knowledge-based and add significant value to local economies. Therefore, growing demand from these occupiers will indirectly support a wide array of businesses and services relying on them.

Occupiers are spread throughout the UK but concentrated in the South and East. From a real estate investment perspective, the tendency of life sciences