Suburban Maryland’s tech cluster is among the top 10 biotech regions in the U.S, ranking at No. 6 based on talent, funding availability and its real estate, according to a new report from real estate brokerage JLL.
“The region is the healthiest it has been in about a decade because of tenant growth, number of life sciences companies, mergers and acquisitions, a lowering vacancy rate and rising rental rates,” said Pete Briskman, a managing director in JLL’s Bethesda office. “However, that could also mean fewer opportunities in the future.”
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