Pandemic puts premium on life-sciences space, while undercutting hotels, shopping centers and senior housing
Covid-19 is clobbering hotels, shopping centers and senior housing communities. But the pandemic is providing an extra boost to landlords leasing to biotechnology, pharmaceutical and other life-sciences businesses.
Those owners were already doing a lot of business with companies working on health problems like diabetes and cancer. Now, they are seeing strong demand from companies working to find a cure for Covid-19. And while work-from-home policies are crimping demand for office space, life-science lab work can’t be as easily replicated remotely.