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Life science talent continues to thrive in the Washington D.C./Baltimore area according to 2023 CBRE report

Lab worker writing on test tube

The greater Washington region ranked 3rd among 25 U.S. metros for life science talent in 2023

According to the 2023 U.S. Life Sciences Research Talent report from CBRE, a leading commercial real estate company, the Washington D.C./Baltimore area has been ranked among the top three regions for life science talent. Out of the twenty-five markets reviewed across the nation, the greater Washington region secured the 3rd position this year. The first and second spots were taken by the Boston/Cambridge and San Francisco Bay Area, respectively.

In the previous year (2022), the Washington D.C. metro area was ranked 2nd among the top U.S. metros for life science research talent. The report highlights that while New York/New Jersey, the most populous metro in the country, houses the majority of life science researchers, the Boston/Cambridge, San Francisco Bay Area, and Washington D.C./Baltimore regions each have less than half of New York/New Jersey’s population but a comparable number of life science researchers. This suggests a higher concentration of life science researchers per capita in these metros due to the intensity of life science research activity.

CBRE’s report also reveals that the greater Washington area has a significant number of graduates specializing in biotechnology. Additionally, it points out that markets producing a large number of specialized biological and biomedical sciences research talent generally receive substantial funding from the National Institutes of Health.

The U.S. Life Sciences Research Talent report provides a comprehensive analysis of various data, including the total number and per-capita concentration of researchers and annual college graduates with life sciences-related degrees in each market. To access the full report, visit https://www.cbre.com/insights/books/us-life-sciences-research-talent-2023