Economic demand is a principle that refers to the market’s demand for a particular product, as well as the price they’re willing to pay for that product.
We have identified the following factors as keys that drive the demand for product of BioMed/ BioTech/ BioSports office, lab, incubation and research space.
Major BioMedical hubs across the United States are located within proximity of major universities. For example, Boston, is listed as one of the top BioMed Hubs and is located within close distance to Boston University, Harvard, & Northeastern.
Many of them played large roles in the vision and development of the real estate build-out of the hub. This proves crucial in pushing the collaboration between professors, students and industry professionals with leading researchers needed to develop groundbreaking advances we seek to promote.
This has become a template for essentially all research facilities alike. Other examples include, The San Francisco Bay Area, Maryland, Virginia & the DC Metro area BioMed Hubs.
Both proximity to major medical facilities as well as early involvement from the regional hospitals are known proven assets to developing and leasing BioMed/ BioTech/ BioSports spaces. Medical facilities like hospitals bare the responsibility of treating the patient.
They often need office space, and lab space but do not want the burden of the research. Medical facilities tend to engage in partnership with a University to progress innovation with limited participation.
This will create a need for collaborative labs and office spaces within close distances to each other.
