Montgomery County is fast becoming a major hub for health and life science companies, with the region experiencing a demand for offices and lab space that may outpace other parts of the state. A recent panel of experts from the county’s contingent real estate, scholarly and economic growth sectors gathered in The Universities at Shady Grove’s Biomedical Sciences and Engineering Education Facility to discuss the life science industry’s future — and how collaboration is spurring growth.
Here are just a few of the panel’s main takeaways:
Contrary to many parts of the US office market, Montgomery County is seeing an increase in market demand. It is an attractive region because of the reported $1.6 trillion in healthcare spending, as well as its high per capita concentration of Ph.Ds and housing of 18 federal government agencies.
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