West Coast cities see the largest increase in life science related funding compared to pre-COVID levels

Change in life science related funding by city
  • When comparing funding into life science related sectors such as biotech, medical devices, diagnostics, and AI/digital health, cities across the West Coast have seen the largest increase when comparing the three years before the onset of the pandemic versus the three years after.
  • While Cambridge, Boston, San Francisco and San Diego remain the largest recipients of funding year-over-year since 2017, Palo Alto, Houston, Mountain View and San Jose have seen the largest increases in funding since the start of 2020 to year-end 2022.
  • Life science related funding has historically served as a demand indicator for lab, biomanufacturing, and the supportive office space needed to house non-research and development functions.

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