Report | Adaptive Spaces

Australia Major Report - A New Era of Growth in Life Sciences - Australia Overview, August 2021

August 24, 2021

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The life science industry is expected to be a major growth sector in Australia over the coming years contributing to occupier and investment activity growth within commercial property. We have already observed heightened activity in this space over the past 18 months. Global pharmaceutical companies are expanding their production capabilities in Australia, including R&D, manufacturing, and distribution. This is being backed by the Federal Government to solidify Australia’s sovereign capability, with the COVID-19 pandemic prompting a greater focus on this sector. Australia is also a mature economy with a transparent business environment and has well-established hubs for the biomedical industry.

This report by CBRE Research provides an overview of Australia’s life science real estate, focusing on key trends, demand drivers, corporate real estate strategies and investment opportunities in the country’s major life science hubs. The report also highlights the current and forecasted size of the life sciences investable universe.