No longer emerging, it’s here: 3 key factors driving record growth in Maryland’s life sciences market

The biotechnology industry is booming in the U.S., creating a hot market for laboratories and other specialty properties. Boston, the San Francisco Bay Area and San Diego have the highest demand and lowest vacancy rates for lab space, according to recent data from real estate firm CBRE, and rents are rising to match. That, in turn, has sparked new interest in Maryland’s I-270 BioTech corridor, a market more often known as a hub for government-related biotechnology work.