Los Angeles Technology Corridor
Cost Effective Research and Development

Life-Science Value Proposition

Cost Effective Research and Development

The Life-Sciences Industry has undergone a fundamental change in the past 5-10 years.

Life science companies now have three major focuses:

  1. There is an emphasis on the speed of drug development and clinical trials
  2. There is an emphasis on cost reductions to reduce the costs of prescription drugs.
  3. There is a focus on research talent and specifically, the ability to recruit and retain PhDs.

The result of these changes has been the convergence of life sciences (traditional lab experimentation) and, computer technology (Artificial intelligence, machine learning, quantum computers, classical computing, software, large biological databases, and clinical trial databases, many of which are housed in the Cloud.)

“The New Science – a combination of science and computing technology is expected to drive 81% of all future biopharma growth in the coming years.”

-Accenture

What matters now is not only advanced laboratories but also computing power and access to the Cloud.

Pfiser Biotech Moderna

“AI will continue to be the primary driver of life science innovation.”

-JLL

“Quantum computing has the potential to enable a range of disruptive use cases in life sciences. These include:

  • Creating precision medicine therapies by linking genomes and outcomes
  • Improving patient outcomes through enhancing the efficiency of small molecule drug discovery
  • Developing novel biological products based on protein folding predictions”

-IBM The Quantum Decade

Significance of the Los Angeles Technology Corridor

People
  • A location that is attractive to current PhD’s
  • Los Angeles has the second largest number of STEM graduates in the US
  • UCLA, USC, and Ca-Tech graduate more life science PhD’s than Stanford and Cal.
  • 30 minutes to UCLA, 10 minutes to USC, and 20 minutes to Cal-Tech via metro
  • Thousand Oaks 1.5 hours via car, 2.5 hours via train;
  • San Diego / La Jolla 2.5 hours car, 3.0 hours via train
  • Large number of apartments
  • Large number of restaurants – Downtown life-style
  • Access to One Wilshire provides computing power and access to the Internet. The building is recognized as the premier telecommunications hub of the Western United States and is noted within the international telecommunications industry as the most important point of connectivity between the United States and the Pacific Rim. This is due in large part to its location at the epicenter of the vast in-ground fiber optic network connecting Southern California to the entire United States and the termination point for multiple undersea fiber optic cables to Asia.
  • There are 25 data centers surrounding One Wilshire providing classical computing, artificial intelligence, Machine learning, and soon quantum computing.
  • The Technology Corridor will soon be home to state-of-the-art wet labs.
  • All of the above is housed in below-market cost facilities.
Tools
Science

“Currently there are several thousand known diseases, but only 500 known therapies.”

  • JLL’s Ranking of Life Science Market – Los Angeles #7
  • 5yr average rank of Life Science PhDs earned each year – Los Angeles #1
  • Top NIH funding awarded – Los Angeles #5
  • Top Venture Capital Funding – Los Angeles #5
  • Fastest growing Life Science Market – Los Angeles #3
Top NIH Funding Markets

3 Major Universities within 30 minutes

California Universities

• UCLA – 30 minutes via Metro
• USC – 10 minutes via Metro
• CalTech – 20 minutes via Metro

Amenities

Walking Distance, 4 to 8 Minutes

Food and Amenities Starbucks

Food & Coffee

Tender Greens, Chipotle, Chick-fil-A, Flame Broiler, Sugerfish, Five Guys, Pinches Tacos, Smashburger, Flemings Prime Steakhouse, Fogo de Chao, Joey DTLA, Hatch, Water Grill, Morton’s Steakhouse, Carl Strauss Brewing, Yard House, Bodega Louie, Blue Bottle Coffee, Dunkin’ Donuts, Starbucks, Andante Coffee, 85°

Parking

  • Athena Parking
  • LAZ Parking. 737 S. Hill St. Parking
  • World Trade Center Parking
  • Park ABM, Fig at 7th Parking
Parking

Fitness

  • The Los Angeles Athletic Club
  • YMCA
  • Gold’s Gym
  • LA Fitness
  • Attitude Fitness
  • Planet Fitness
  • Orangetheory Fitness
  • Equinox Downtown LA
  • Hybrid Gym Los Angeles

Cocktails & Sports Bars

  • Limericks Tavern

  • Casey’s Irish Pub

  • Seven Grand

  • Golden Gopher

  • Tom’s Watch Bar

Cocktails and Sports Bars

Life-Science – Value Proposition

Downtown Los Angeles

Los Angeles Life Science Market

  • 8.3mm SqFt.
  • Current Rent (existing space) – $54.61 NNN
  • Current Rent (new space) – $60-$72 NNN
  • Vacancy Rate – 1.8%


Cushman & Wakefield

LA County Life-Science Industry Quick Facts

Quick-Facts
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Contact Us

L. Jean Dunn

1-442-320-0944