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Biotech / Medical : Biotech Valuation

CRSP 53.85

-4.5%

Jan 9 9:30 AM EST

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To: Biomaven who started this subject	6/21/2003 8:45:00 AM
From: Micawber	Read Replies (1) of 52153

Who's Behind Biotech? National Real Estate Investor, Jun 1, 2003 The national office market is mired in its worst slump in a decade as Corporate America continues to shed workers. More than 500,000 jobs were eliminated between February and April. The unemployment rate now registers 6%. Predictably, double-digit vacancies and declining rents in the office sector have led to a big drop in leasing activity and limited development opportunities. But there is a niche in the office market where vacancies are a fraction of the national rate, rents are way above average, and prospects for growth actually exist. It is the specialized (and regionally concentrated) business of supplying space to the biotech and life sciences industry. nreionline.com

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