Alexandria Real Estate Reports Record Leasing Activity Driven By Life Sciences

While the COVID-19 pandemic has been difficult for office real estate investment trusts (REITs), some have performed better than others. Companies in the life sciences space have benefited from increased government spending on research and development. The most prominent life sciences office REIT is Alexandria Real Estate Equities (NYSE: ARE). Here is why it is poised to continue to grow.

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Alexandria Real Estate Equities was a pioneer in laboratory office properties and has a North American asset base of 63.9 million square feet of collaborative life science, agricultural technology, and technology campuses. Alexandria's properties are concentrated in knowledge centers like Boston, San Francisco, New York City, San Diego, Seattle, Maryland, and North Carolina. In general, these areas tend to have limited available space, high barriers to entry, and rapid rental growth. 

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Source Fool.com