Hyderabad, May 14 -- The growing prominence of the life sciences industry has significantly impacted the growth of real estate development globally, with more than 35 million sq. ft. of lab/research and development (R&D) properties under construction last year, said CBRE, world's leading real estate consulting firm, in its report 'Global Life Sciences Atlas,' released on Wednesday.
While U.S. markets top the world's largest life sciences R&D centres, other mainstays can be found in Asia-Pacific (Hyderabad, Beijing, Shanghai, Greater Tokyo), Canada (Toronto, Montreal) and Europe (Cambridge, U.K., Paris), the report revealed.
As per the report, innovation, evolving healthcare needs, and demographic shifts are driving increased demand across...