The Pandemic Didn t Stop Venture Capital From Flowing Into Houston s Life Sciences Sector This Year
It’s been a tough year for some sectors of Houston’s economy, but commercial real estate experts say that there has been one significant bright spot: life sciences.
Despite the coronavirus pandemic, plenty of money is flowing into the sector, spurring many of Houston’s life sciences firms to expand and seek larger spaces. That remains a challenge in the short term, as the city lacks speculative lab space, and several major life sciences-focused developments have not yet reached completion.
“They re all having a problem with growth. I think our biggest issue is that we don t have enough supply for them,” Transwestern Executive Managing Director, National Healthcare Advisory Services Eric Johnson said.