As life sciences industries are experiencing demand like never before, they also fuel the necessity for well-educated R&D talent, world-class facilities, and a supportive economy.
With this in mind, CommercialCafe ranked the top 25 U.S. metros for life sciences based on comparison on 12 key indicators across 3 categories: the local talent pool, life sciences ecosystem, and the life sciences segment of the office market.
Madison earned 17th place among the top 25 U.S. metros for life sciences with a total of 19 points.
- Nearly 10% of office space in Madison is dedicated to the life sciences sector, which was the 4th-best representation of life sciences in the local real estate market among the locations we compared.
- 26% of Madison residents aged 25 or older have earned at least a bachelor’s degree in an industry-related field, which marked the 5th-highest density of educated talent out of the metros included in our ranking.
- Existing stock adds up to nearly 2.7 million square feet here, the metro claiming the 12th-largest life sciences real estate market in the ranking.
- A total of 3 Midwestern MSAs placed among the top 25 best U.S. metros for life sciences.
You can find more information about this topic in our full report: https://www.commercialcafe.com/blog/top-u-s-metros-for-life-sciences-2024/
