There are many factors that make a city a "science city": human capital, flow of capital investment into health and R&D, openness to business, good lifestyle indicators, and property market. According to the source, London, New York, and Boston are the three leading cities for life sciences worldwide as of 2020. These cities have the highest rental costs per square foot of life science space. In London, a square foot of lab space cost 113 U.S. dollars as of 2020. In 2021, life sciences is one of the sectors with highest investment properties in Europe according to industry experts.
Average monthly rent of laboratory and life sciences space in the leading science cities worldwide in 2020, by city
(in U.S. dollars per square foot)
The source adds the following information: "We have ranked the top 20 cities for life sciences, based on their human capital, investment into health and R&D, the f low of funding into the cities, their openness for business, lifestyle indicators, and the cost of property in each market."
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Savills. (February 25, 2021). Average monthly rent of laboratory and life sciences space in the leading science cities worldwide in 2020, by city (in U.S. dollars per square foot) [Graph]. In Statista. Retrieved December 04, 2024, from https://www.statista.com/statistics/1192071/lab-space-rent-in-leading-science-cities-globally/
Savills. "Average monthly rent of laboratory and life sciences space in the leading science cities worldwide in 2020, by city (in U.S. dollars per square foot)." Chart. February 25, 2021. Statista. Accessed December 04, 2024. https://www.statista.com/statistics/1192071/lab-space-rent-in-leading-science-cities-globally/
Savills. (2021). Average monthly rent of laboratory and life sciences space in the leading science cities worldwide in 2020, by city (in U.S. dollars per square foot). Statista. Statista Inc.. Accessed: December 04, 2024. https://www.statista.com/statistics/1192071/lab-space-rent-in-leading-science-cities-globally/
Savills. "Average Monthly Rent of Laboratory and Life Sciences Space in The Leading Science Cities Worldwide in 2020, by City (in U.S. Dollars per Square Foot)." Statista, Statista Inc., 25 Feb 2021, https://www.statista.com/statistics/1192071/lab-space-rent-in-leading-science-cities-globally/
Savills, Average monthly rent of laboratory and life sciences space in the leading science cities worldwide in 2020, by city (in U.S. dollars per square foot) Statista, https://www.statista.com/statistics/1192071/lab-space-rent-in-leading-science-cities-globally/ (last visited December 04, 2024)
Average monthly rent of laboratory and life sciences space in the leading science cities worldwide in 2020, by city (in U.S. dollars per square foot) [Graph], Savills, February 25, 2021. [Online]. Available: https://www.statista.com/statistics/1192071/lab-space-rent-in-leading-science-cities-globally/
