Report: Seattle’s Life Sciences Industry Continues to Boom

Funding from VCs for Seattle’s life science industry grew 266% during Q1 2021 in comparison with Q1 last year. This makes Seattle the fastest-growing life science market in the U.S. according to a report from the CBRE.

“Startups and spinoffs are creating a historic amount of leasing activity in the Puget Sound market,” the report says. “Tenants are committing to new developments or building conversations earlier than ever before.”

This market is only expected to continue to grow in the coming years, with more than 900,000 square feet of lab and R&D space currently under construction in the Seattle area.