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The Boston area’s life sciences talent pool outshines the competition

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Boston comes out on high in terms of the biotech workforce. Information: CBRE; Chart: Axios Visuals

​​The life sciences expertise pool in Higher Boston outshines the competitors in different main U.S. cities, based on a report revealed earlier this month by the CBRE, an funding administration agency.

Driving the information: The Boston/Cambridge space got here out No. 1 in CBRE’s rating of life sciences clusters, based mostly on cities’ jobs, native wages, value of residing and different components.

  • Cities had been ranked based mostly on how their scores in comparison with the nationwide averages for these variables, with Boston/Cambridge getting the highest rating of 138.
  • San Francisco got here in second with 129.8, adopted by Washington, D.C. with 126.2, based on the CBRE report.
  • The Higher Boston and San Francisco Bay areas are the nation’s largest life sciences clusters, however the report additionally highlighted a number of pockets of expertise past the coasts, together with Chicago, Denver/Boulder, Houston and Minneapolis/St. Paul.

Why it issues: Higher Boston’s booming life sciences trade — which incorporates massive names like Moderna, Biogen and Takeda Prescription drugs — has spurred financial progress and a wave of office-to-lab conversions.

By the numbers: The Boston space is dwelling to greater than 33,000 employees within the life sciences area, based on CBRE, citing the U.S. Bureau of Labor Statistics.

  • 14,850 are medical scientists (not together with epidemiologists).
  • 4,120 are biochemists and biophysicists.
  • The evaluation additionally counts organic scientists, chemists, microbiologists, organic technicians and information scientists throughout the trade.

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