Seattle Life Science Booming, But It's Tough To Find Space To Grow
As a part of Seattle's regional economy and the local real estate market, life science is big, mostly concentrating in South Lake Union. According to the speakers at Bisnow's recent Seattle Life Sciences Summit, life science is the fifth-largest industry in Washington, responsible for more than $12.5B of the state's gross domestic product.
Yet finding space for life science startups to grow — and even for larger companies and organizations — is tricky. The market is tight and costs are high.
The life science facilities panel kicked off with a quick rundown of the market for that kind of specialized space in Seattle.
BioMed Realty Vice President Mike Ruhl, whose portfolio is concentrated in South Lake Union and focuses on life…
Read Full Story
|
|
|
Top stories on Bisnow.com
|
The Robots Are Coming For Data Center Operators
“Machines are getting and have been exponentially advancing their abilities and expertise on a year-to-year basis,” LitBit CEO Scott Noteboom said.
LitBit has created AI personas that essentially act like hundreds of employees monitoring data center or other workplace operations,…
Read Full Story
|
|
|
Tenants In Tech, Creative And Media Industries Behind 22% Of All Trophy Space Leases
When it comes to tech tenants, the lust for brick-and-beam office space could be fading.
As the attraction and retention of talent remains a top priority for office occupiers and available space continues to tighten in many markets, established firms in tech-heavy regions like Seattle and San Francisco are starting to turn to retrofitted office towers and trophy buildings as a viable option for new office space, the New York Times reports.
Tech, creative and media industry tenants have leased more than 8.5M SF in trophy buildings across the U.S. in 2017. This means the group leased 22% of all trophy space, an increase of 7% year-over-year, according to JLL.
As startup companies…
Read Full Story
|
|
|
Real Estate Professionals Push Back Against FCC's Move To Repeal Net Neutrality Rules
The real estate industry is rallying against the Federal Communications Commission's plan to roll back regulations that aim to keep the internet open and easily accessible to all.
FCC Chairman Ajit Pai revealed plans on Tuesday to repeal net neutrality laws enacted in 2015 under former President Barack Obama. The regulations call for internet providers to treat all data on the internet the same — this prohibits providers like AT&T,…
Read Full Story
|
|
|
|
|
|
Alibaba And Singles Day Make Black Friday Look Small And Show The Future Of Retail
Singles Day may be an invented holiday, but Nov. 11 in China gives an indication of how retail will evolve globally over the next decade. And Alibaba is the company to watch.
The numbers posted by e-commerce giant Alibaba on Singles Day — a holiday created as an antidote to China's Valentine's Day, which has caught on big time — in 2017 are mind-boggling. Alipay, the company's payments system, processed $25B of payments, more than four times what the entire U.S. spent on Black Friday weekend and Cyber Monday in 2016.
Click here to read the full story. |
7 Juicy Headlines You May Have Missed Over Thanksgiving Weekend
Though commercial real estate news remained sparse this Thanksgiving weekend as Americans stuffed their faces and then recovered from food and family, Bisnow gathered a handful of major headlines you likely missed due to Turkey Day.
Click here to read the full story. |
|
|
|
|
