Explosive Growth of Life Sciences Sector Comes with Challenges
26 Jul 2022
News
Life sciences has become much more than a niche sector on the outskirts of commercial real estate — and, like other accelerating sectors in real estate, it is experiencing growing pains. Demand for space is being driven by promising new technologies and medical advancements moving from research to everyday miracles. And while the pandemic has certainly put pressure on the health system and life sciences industries, it has also accelerated growth (and funding) for promising discoveries.
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The Royse City, TX Community
Royse City is home to a growing number of young professionals and families. The average age within the city is 32 years old, and the educational attainment is higher than the national average. This has led to a population that is active, educated, and earns around $90,000 per year - far more than the national average. With 15,000 new homes in some stage of development, the city’s growth is expected to continue for some time. As it does, investments are being made in parks and recreation and the local school district.
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