A new report on life sciences construction around the US finds the Triad in the top ten US markets for life sciences growth, driven by the developments underway for Innovation Quarter Phase 2. The report from Commercial Search examines how much square footage cities have under construction for life sciences projects. The findings show traditional hubs like Boston and San Francisco still have large projects underway, but that the industry is showing signs of decentralization with other notable projects around the US including IQ Phase 2. The project puts Winston-Salem 7th in the ranking of the top ten markets with the most life sciences space under construction.
Furthering Winston-Salem’s recognition as a hub for life sciences, particularly regenerative medicine, Innovation Quarter Phase 2 includes plans for 2.7 million square feet of new development on 28 acres. This will roughly double the size of the current Innovation Quarter footprint.