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.
Read the full article: Biotech Properties Draw Billions of Dollars as Other Real Estate Languishes //
Source: https://www.wsj.com/articles/biotech-properties-draw-billions-of-dollars-as-other-real-estate-languishes-11594728002