BIoHealth Capital Region Ranked 4th and metrics improving towards goals of Top 3 by 2023
Charles Dickens’ opening line of A Tale of Two Cities—“It was the best of times, it was the worst of times”—was evoked recently by the head of the nation’s largest life sciences real estate owner to describe the past year for the industry served by his real estate investment trust.
“With respect to the industry, 2020 is the ultimate paradox: The worst year of our lives, yet the greatest year ever for the life science industry,” Joel S. Marcus, Alexandria Real Estate Equities’ executive chairman and founder, told analysts February 2 after releasing fourth-quarter and full-year 2020 results. “[There’s] much work to do to rebuild businesses and lives so devastatingly impacted, and I would say, it’s going to take a good part of this decade to do that for many people who’ve been really so devastated.”