New York City’s existing 1.7 million s/f of life science and research space is currently fully occupied, pushing companies to establish outposts in Westchester County and New Jersey.
According to a report from brokerage firm Transwestern, New York City is facing space constraints as it hosts the highest concentration of academic institutions and the largest life science workforce in the country.
As of the middle of this year, the city hosted 91,097 life science employees, most of them spread out between eleven major academic medical centers such as Columbia University, Weill Cornell Medical College, New York University and Icahn School of Medicine at Mount Sinai.
Image: http://rew-online.com
