Editor’s Note: The WRAL TechWire “Future of Work” series, supported by commercial real estate firm JLL and other partners, continues next week. 

Last week, the Future of Work series took an in-depth look at the demand for land, which has increased in the Triangle and can now be described as “insatiable,” while developers look to shore up their land positions.  That’s especially the case in the industrial sector, the topic of the special report and in-depth Q&A on the Triangle’s industrial spaces.  


RALEIGH – The Triangle ranks atop many lists for the strength of its life science industry, including ongoing expansions of the region’s biomanufacturing industry and growth in the emerging sector of gene therapy.

And demand for high-quality life science space is at record highs, across the nation, and in the Triangle, which is attracting investment into the commercial real estate market for new construction as well as major renovation projects.

“There is no other market in the United States that has such unquestionable strength in biomanufacturing,” Travis McCready, executive director of life science markets for JLL, told WRAL TechWire in an exclusive interview for the Future of Work series.

Special report: The race for industrial space is accelerating across the Triangle

Demand outpacing supply

Those strengths are yielding an acceleration of demand, and that could change the future of the Triangle.  Through January, about 1.7 million square feet of life science facility space was available in supply, but demand for space was at approximately 2.2 million square feet.

Next week, the WRAL TechWire series, Future of Work, looks at the life science sector, as the special reporting continues.  And, on Tuesday, May 17, WRAL TechWire reporter Jason Parker will host a panel discussion about the Triangle’s life science sector on LinkedIn Live.

This editorial package was produced with funding support from JLL and other partners.  WRAL TechWire retains full editorial control of all content.

The series launched here, and the second report discussed high demand. Next, the series explored the relationship between work spaces, work places, and the current labor market.  The following weeks, we’ve investigated specific sectors of the real estate market, and next week’s focus is on the life science sector.

More from the series

Future of Work: Triangle ‘well-positioned’ for more growth of industrial sector

Exclusive Q&A: Resiliency, e-commerce keeping demand for industrial space high

Future of Work special report: Across the Triangle, an ‘insatiable demand’ for land

Future of Work report: Developers ‘aggressively trying to shore up land positions’ in Triangle

Perspectives on land development: A ‘Future of Work’ Q&A