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Boston & New England  + Boston  + Industrial  |  June 6, 2024
Life science real estate vacancies and leasing in the Bay Area are beginning to normalize to pre-pandemic levels, according to research from Transwestern
Emily Fu
By: Emily Fu

Boston/Cambridge Ranks First Nationally for Life Sciences R&D Talent  

The Boston/Cambridge metro area ranks #1 in CBRE’s annual U.S. Life Sciences Talent Trends report, highlighting its dominance in life sciences employment across BioPharma R&D, manufacturing, and medtech fields. “Boston/Cambridge once again leads in the life sciences job sector as large companies are attracted to the region’s top universities and highly educated workforce,” said Jon Varholak, Vice Chair at CBRE.  

The area ranks first nationally in BioPharma R&D with 52,270 employees, including 17,080 medical scientists and 10,240 biochemists and biophysicists. It ranks second in BioPharma manufacturing, with 27,950 jobs led by inspectors, testers, and biological technicians. In medtech, Boston/Cambridge ranks third with 41,340 jobs, primarily industrial engineers and electronic assemblers. 

The report evaluates the top 100 U.S. life sciences labor markets, underscoring Boston/Cambridge’s unique position as the only market to place in the top three for all major BioPharma subsectors. 

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About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.
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