With tech startups and the world’s best scientific and medical-research universities, New York City has long been at the crossroads of technology, science and medicine. Workers in pharma, robotics, personalized medicine, disease research and patient treatment will soon be joined by those developing the applied life sciences of the future as the commercialization of global health continues.

Growth will also come from new developments such as synthetic biology, which promises applications across a broad range of industries such as energy, agriculture, healthcare, chemicals, materials and bioremediation.

Think leather-inspired materials made in laboratories. Bricks made from fungus. Real meat made from animal cells instead of animals. Fabric made from algae. Eggs without chickens.

Given these and other drivers, the life-science industry in New York and the number of jobs it provides are both poised for rapid growth. Yet, the small amount of life-science real estate in New York—approximately 1.7 million square feet—is fully occupied. Adding more is crucial to jumpstarting the industry's growth.

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