Lab space rent in leading cities worldwide

There are many factors that make a city a "science city": human capital, flow of capital investment into health and R&D, openness to business, good lifestyle indicators, and property market. According to the source, London, New York, and Boston are the three leading cities for life sciences worldwide as of 2020. These cities have the highest rental costs per square foot of life science space. In London, a square foot of lab space cost 113 U.S. dollars as of 2020. In 2021, life sciences is one of the sectors with highest investment properties in Europe according to industry experts.

Average monthly rent of laboratory and life sciences space in the leading science cities worldwide in 2020, by city (in U.S. dollars per square foot)

Characteristic	Average rent in U.S. dollars per square foot
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Release date

February 2021

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Region

Worldwide

Survey time period

2020

Supplementary notes

The source adds the following information: "We have ranked the top 20 cities for life sciences, based on their human capital, investment into health and R&D, the f low of funding into the cities, their openness for business, lifestyle indicators, and the cost of property in each market."

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