The number of life sciences researchers in the Seattle area grew 24% between 2015 and 2020, as part of a nationwide boom, according to a report released Monday by CBRE. The real estate company ranked Seattle ninth in its ranking of the top 25 research talent clusters in the US
To rank clusters, CBRE assessed factors such as the number of new graduates and existing life sciences researchers, which reached 12,100 in the Seattle area in 2020.
Boston, the San Francisco Bay Area and Washington DC/Baltimore were the top three markets, respectively, and Portland, Oregon, came in 21st. The Seattle area had the seventh fastest employment growth from 2015 to 2020 among the clusters.
The industry has a bright future despite falling biotech stock valuations and recent layoffs at some companies, CBRE researchers said at a news conference.
“If you ask almost any industry insider, they will confirm that the long-term outlook, the medium-term outlook, even the current state of the industry is still very strong,” said Ian Anderson, senior director of research and analysis at CBRE. † “The foundations are still there. The amount of innovation taking place remains remarkable.”
Life, science and social science occupations had an unemployment rate of 0.6% in the US in April, the second lowest of all occupational categories. Some other data from the report:
- Life sciences job growth increased by 79% in the US between 2001 and 2020, compared to an overall increase in job growth of 8%. In 2020, 164,000 people nationwide obtained a diploma or certificate in the life sciences, twice as many as in 2005.
- Wages show little variation between cities. In Seattle, the median wage for a biochemist is $100,248.
- The number of data scientists working in the life sciences has increased by 1,363% in the US since 2001. The Seattle area employs 2,330 data science and math professionals in the life sciences, twice as many as in 2015.
- The Puget Sound region has the fourth highest density of medical scientists and the third highest density of data scientists among the clusters.
“It’s no secret that AI, machine learning and computational research are preparing a new generation of scientific innovation. The Puget Sound region’s deep technology roots combined with world-class research institutions and their commitment to commercialization have pushed Seattle into a leadership role in a wide variety of science vertical markets,” said Marcus Yamamoto, a senior vice president at CBRE in Seattle, specializing in life. sciences and health care, in a press release.
The CBRE report is in sync with a report from trade group Life Science Washington last fall, which found that the number of life sciences jobs in Washington state increased by 23.5% from 2015 to 2019.