life science
Science & Technology

NY/NJ Market Ranks No. 4 in Life Sciences Talent

Region Produced the Most Graduates in Biological and Biomedical Sciences in the Country

The New York/New Jersey market ranks No. 4 in the country in CBRE’s inaugural Life Sciences Talent Report, which identifies the top 25 life sciences labor markets in the country.

New York/New Jersey had the most annual graduates in biological and biomedical sciences in the U.S. – more than 2,000 new degrees than runner-up Los Angeles/Orange County. As a result, the market is ideal for major employers seeking the most highly educated talent.

“The New York/New Jersey region boasts some of the best research talent in the nation, produced by renowned educational institutions,” said Joseph DeRosa of CBRE in New York. “We have more chemists in New York/New Jersey than any other market in the country, as well as one of the highest number of PhDs. Our region is well poised to provide the talent for companies entering and expanding in the market.”

According to CBRE, New York/New Jersey issued 9.8% of all biological and biomedical sciences PhDs, the highest of any market in the country. Moreover, New York/New Jersey received $3.4 billion in NIH funding, the largest commitment to any market in the U.S. in 2021.

Nationally, job growth in life sciences professions – from bioengineers and biochemists to microbiologists and data scientists – expanded by 79 percent since 2001 to roughly 500,000. In comparison, the overall U.S. job growth rate in that span was 8 percent. That surge in life sciences jobs boosted mainstay markets such as Boston and San Francisco as well as emerging hubs including Nashville, Salt Lake City and Houston.

CBRE assessed each market against multiple criteria, including the number of life sciences jobs and graduates, life sciences’ share of each market’s overall job and graduate pool, its number of doctorate degree holders in life sciences, and its concentration of jobs in the broader professional, scientific and technical services professions. The analysis produced CBRE’s inaugural ranking of the leading markets for U.S. life sciences talent.

Rank Market Score Rank Market Score
1 Boston/Cambridge 138 14 Atlanta 103.5
2 Washington, D.C./Baltimore 129.8 15 Worcester, MA 102.6
3 San Francisco Bay Area 126.2 16 Dallas/Fort Worth 102
4 New York/New Jersey 124.3 17 Sacramento 101.8
5 San Diego 120.3 18 Austin 101.5
6 Raleigh-Durham 114.8 19 Salt Lake City 101.4
7 Los Angeles/Orange County 113.8 20 New Haven, CT 100.8
8 Philadelphia 113.5 21 Portland, OR 100.7
9 Seattle 109.4 22 Miami 100.7
10 Chicago 107.6 23 Nashville 100.6
11 Denver/Boulder 106.9 24 Albany, NY 100.3
12 Minneapolis/St. Paul 106.4 25 Pittsburgh 100
13 Houston 104.1

To read the full report, click here.

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