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    The Golf Channel hit a hole in one with the revitalization of part of its Orlando campus. The channel turned to Walker Design LLC to create a high-functioning, multi-use space within a 1,200-square-foot area. The space holds conference and training areas plus a genius bar. It has fully integrated audio/visual technology, integrated writable surfaces for informal gatherings and multiple movable seating options that can house 150 occupants. The floor and ceiling patterns reflect lively, pixelated textures to contrast with and balance the static walls. Photography by Chad Baumer Photography.

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    UCHealth Longs Peak Hospital in Longmont, Colo., was designed by EYP Health to be an expandable, site-adaptable inpatient chassis that UCHealth could use at other locations. The new 210,000-square-foot hospital provides more than 50 inpatient beds and room to expand to more than 100. The hospital features an intensive care unit, operating rooms, a Level III trauma center and emergency department, advanced cardiac services, a birth center with a Level II special care nursery, a surgery center and 24-hour retail pharmacy, lab and imaging services. Photography by Jim Roof.

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    Do football facilities engender championships? Clemson University believes so. The 2016 National Champs invested $55 million in a new 142,500-square-foot facility designed by HOK. The Allen N. Reeves Football Complex further elevates Clemson’s program and promotes the recruitment, training and development of student-athletes. The facility is adjacent to Clemson’s Indoor Football Practice Facility and the existing outdoor practice fields, bringing all football activity into close proximity allowing for more efficient daily operations. Photos courtesy of HOK.

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Corporate

The McMorrow Corporate Facilities Management Report presents news, information, feature articles, conferences, and products and services for commercial/corporate facility executives and administrators, property managers, and specifiers including architects, designers, and engineers charged with maintaining the workplace for optimal productivity, functionality, and retention of the workplace professional.

The McMorrow Corporate Facilities Management Report presents news, information, feature articles, conferences, and products and services for commercial/corporate facility executives and administrators, property managers, and specifiers including architects, designers, and engineers charged with maintaining the workplace for optimal productivity, functionality, and retention of the workplace professional.

Healthcare

The McMorrow Corporate Facilities Management Report presents news, information, feature articles, conferences, and products and services for commercial/corporate facility executives and administrators, property managers, and specifiers including architects, designers, and engineers charged with maintaining the workplace for optimal productivity, functionality, and retention of the workplace professional.

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The McMorrow Corporate Facilities Management Report presents news, information, feature articles, conferences, and products and services for commercial/corporate facility executives and administrators, property managers, and specifiers including architects, designers, and engineers charged with maintaining the workplace for optimal productivity, functionality, and retention of the workplace professional.

Sustainable

The McMorrow Corporate Facilities Management Report presents news, information, feature articles, conferences, and products and services for commercial/corporate facility executives and administrators, property managers, and specifiers including architects, designers, and engineers charged with maintaining the workplace for optimal productivity, functionality, and retention of the workplace professional.

CBRE: U.S. life sciences markets poised for outsized growth

CBREhealthsciencesMultiple factors are propelling the U.S. life-science industry, and by extension the real estate that supports it, to strong growth, thereby positioning research-and-development centers like Boston and California’s Bay Area for outsized gains, according to a new report from CBRE.

While many U.S. industries are navigating fundamental disruption, the life-sciences industry – which includes pharmaceuticals, biotechnology and medical-device manufacturing – is on a long-term expansion track. CBRE’s report examines the generators of the industry’s sustained growth, including the aging U.S. population, increases in public and private funding, hefty job gains and robust construction of lab and R&D space.

“Many solid trends support strong growth going forward for the life-sciences sector, especially in major R&D markets,” said Ian Anderson, CBRE Director of Research and Analysis and lead author of the report. “The market for lab space offers several secular growth drivers and constrained supply.”

CBRE’s report outlines factors expanding the life-sciences market, including the nine-year gain in average life expectancy in the U.S. since the 1960s, rapid advances in life-sciences technology and increases in funding from the National Institutes of Health and venture-capital sources. For example, venture capital investment in the U.S. life-sciences industry now is 53 percent greater than 10 years ago.

Those growth drivers have delivered significant results. Employment in U.S. life sciences has risen by 23.5 percent since 2001, outpacing the overall job-growth rate of 10.2 percent. Lab-space vacancy rates are tight in primary life-sciences markets, registering at less than 2 percent in Chicago, 4 percent in the Bay Area and less than 5 percent in Boston. And rent growth is robust, including a 50 percent increase in Boston’s Cambridge submarket since 2013.

“When you look at the landscape of investment opportunities within the commercial real estate sector, few asset classes offer as compelling a case for near-term optimism as the life-sciences industry,” said Scott Marshall, CBRE President of Advisory & Transaction Services | Investor Leasing. “Our team has analyzed the labor trends and found that, especially in Massachusetts and California, there are significant growth opportunities within the life-sciences industries going forward.”

CBRE’s analysis found that regions with high concentrations of research and development jobs also saw the highest growth in their overall life-sciences job bases in the past 15 years. That indicates continued strong growth for leading R&D markets such as Boston, the San Francisco Bay Area, San Diego and Raleigh, N.C.

In contrast, markets focused more on the pharmaceutical and medicine-manufacturing industries, such as Chicago, Philadelphia and New Jersey, likely will grow at a slower pace than the R&D markets.

To read the full report, including outtakes on seven leading life-sciences markets, click here.