Boston has been ranked number 1 in Savills’ 2021 Science Cities report, edging out other science hubs like San Francisco, Seattle, San Diego and New York.
The study ranked the top 20 most important cities globally for life science businesses and looks at metrics such as funding environment (both VC and philanthropic grants); its talent pool and universities; hospitals and R&D investment; lifestyle factors and cost of property.
Highlights of the report included:
- Dollar per VC deal, Boston attracts more funding into the sector than anywhere else.
- The San Francisco Bay Area, which ranked second, is home to notable occupiers like Gilead Sciences and Genetech and receives the highest VC by volume of all Savills’ Science Cities ($9.4 billion in 2020).
- Seattle, (ranked third) is home to the Gates Foundation, which has awarded more global health grants to the city and its education and science centers than any other Science City on the list, with 453 grants awarded since 2009.
Read full report here.
*Pictured above is a rendering of the 43-acre Cambridge Crossing mixed-use project in Boston, which is slated to consist of 2 million square feet of laboratory and office space.
David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles.
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