New Jersey Life Sciences Industry Spotlight

Jason Price

Jason Price

Director, New Jersey Research

Phone +1 201 508-5208

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Historically, the life sciences sector has significantly impacted the New Jersey Class A office market with both large leasing transactions and space dispositions. There are 3,280 life sciences facilities in New Jersey, with an annual contribution of $47.5 billion to the state’s economy. Approximately 1.8 msf of leases were signed during 2016 by life sciences companies, with another 1.0 msf leased in 2017