Investors Spend Billions to Gobble Up Laboratory Space

The video discusses the impact of COVID-19 on the office market, highlighting a significant shift towards investing in life sciences buildings, with over $10 billion spent this year. This accounts for 4% of global commercial real estate deals, double from last year. Major investors like Blackstone and KKR are focusing on laboratory spaces. The video also shows US office vacancies at record highs, raising questions about the future of traditional office spaces, especially with the rise of hybrid work models in the US and Europe.

What is the bright spot in the office market despite the impact of the coronavirus?

• Increased demand for traditional office spaces

• Significant investments in life sciences buildings

• Growth in retail real estate

• Rise in residential property values

What percentage of global commercial real estate deals through May is attributed to life sciences buildings?

• 8%

• 6%

• 4%

• 2%

Which major investors are focusing on laboratory spaces?

• Blackstone and KKR

• Goldman Sachs and Morgan Stanley

• Citigroup and HSBC

• JP Morgan and Wells Fargo

What is the current trend in US office vacancies?

• Fluctuating unpredictably

• Stable with no significant change

• At the lowest on record

• At the highest on record

What is a major concern for traditional downtown skyscrapers?

• Lack of available space

• Decline in urban population

• Shift towards hybrid work models

• Increasing construction costs