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Industries

Life Sciences

Accelerating innovation for a better tomorrow
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Fueling discovery with real estate insight. 

Canada's life sciences sector is booming. With growth in biomanufacturing and pharmaceutical innovation, competition is fierce across Toronto, Vancouver, Montreal, and other biotech hubs. We guide clients through this landscape with real estate strategies that speed up research, aid compliance, and attract top talent. 

Whether you're a startup needing lab space, a company expanding facilities, or an investor adapting assets, we offer deep market knowledge and technical skill. We provide solutions that meet your immediate needs and long-term goals, turning your space into a place where innovation thrives. 

Ready to advance your life science strategy? Contact us today.

What Sets Us Apart

End-to-end expertise

We advise occupiers, investors, and developers across the life sciences real estate lifecycle. From R&D facilities and GMP compliance to lab conversions and portfolio optimization, our comprehensive approach drives both operational performance and long-term value in the Canadian market.

Science-led, market-smart

Our teams blend hands-on pharma and biotech experience with deep knowledge of Canadian regulations, incentives, and research hubs. We understand the technical requirements of life sciences facilities and know how to unlock their strategic value.

Data-driven strategy

We provide data-rich insights—from labor analytics to demand forecasting—to help clients make faster, more informed decisions. Our research platform tracks life sciences activity across Canada, identifying emerging opportunities early.

Talent-focused location strategy

Success in life sciences depends on specialized talent. We help you find locations that attract and retain top scientists and researchers, balancing proximity to universities, hospitals, transit, and biotech clusters.

Future-ready facilities

We help clients create flexible, compliant, and sustainable labs that meet current needs and future growth. Our approach considers evolving standards for labs, biosafety, and sustainability.

Connected across markets

With deep relationships in Canadian life sciences hubs and global research ecosystems, we help clients scale strategically. We connect capital, ideas, and opportunities to support your expansion.

Services

Investor Services

Capital Markets


We connect investors with specialized acquisition and disposition opportunities in Canadian life sciences. Our team understands the unique valuation drivers of these assets, from lab infrastructure and tenant credit to location and conversion potential. 

Learn more about our capital markets


Agency Leasing


We position life sciences properties to attract top tenants. Our marketing strategies highlight technical capabilities, compliance features, and proximity to talent pools that matter most to occupiers, leveraging deep market knowledge to secure leases. 

Learn more about our agency leasing services


Asset Services


We optimize asset performance with specialized property management. Our teams handle the operational complexities of labs, from HVAC and waste management to biosafety protocols, ensuring facilities run at peak efficiency while maintaining compliance. 

Learn more about our asset services


Valuation & Advisory


Our experts provide specialized appraisals for life sciences assets. We consider lab infrastructure, location, and conversion potential to deliver insights that support acquisition decisions, financing, and portfolio strategy. 

Learn more about our valuation & advisory


Project & Development Services


We guide life sciences development projects from concept to completion. Our team manages design, construction, regulatory approvals, and tenant fit-outs, delivering facilities that meet stringent operational and compliance standards. 

Learn more about our project development services


Energy & Sustainability Services


We help life sciences facilities reduce costs and meet sustainability goals. We optimize energy use through audits and green certifications while maintaining the critical environmental controls necessary for research operations. 


Occupier Services

Tenant Representation 


We represent life sciences occupiers in lease negotiations, site selection, and portfolio optimization. Our team understands your unique requirements, from specialized infrastructure and biosafety to expansion flexibility, to secure space that supports your current and future growth. 

Learn more about our tenant representation  


Supply Chain & Logistics Advisory 


We provide specialized advisory for life sciences organizations with distribution and cold chain requirements. Our team analyzes network optimization, facility location, and operational efficiency to support the movement of temperature-sensitive materials across Canada. 

Learn more about our supply chain services 


Labor Analytics and Location Strategy


We provide detailed labor market analysis to help clients find locations with access to specialized talent. Our research examines university programs, graduate pipelines, and wage rates to support data-driven site selection decisions. 

Learn more about our workplace solutions 


Facilities Services  


We deliver integrated facility management for life sciences occupiers, from daily operations and maintenance to specialized services like lab equipment maintenance and environmental monitoring. We ensure your facility operates efficiently while maintaining controlled research environments. 

Learn more about our facility management services


Project & Development Services


Whether building out a new lab or renovating an existing one, we manage occupier-side project delivery. Our team coordinates design, permitting, construction, and move management to ensure projects meet technical requirements and operational needs on schedule. 

Learn more about our project & development services


Corporate Sustainability Services


We help life sciences organizations achieve sustainability goals through energy management, waste reduction, and green building certifications. Our strategies balance environmental objectives with operational requirements to deliver measurable results without compromising performance. 

Specialization

Industry Expertise

Biotechnology


We offer flexible real estate strategies for biotech firms. Our team helps secure and scale lab space efficiently, accommodating rapid growth and research needs. We handle site selection and lease negotiations, addressing challenges like limited capital and uncertain growth for every stage.  


Pharmaceutical


We provide real estate strategies for R&D labs, GMP manufacturing, and distribution centers. Our experts help optimize your Canadian footprint through portfolio analysis, site selection, and lease negotiations, ensuring technical and regulatory compliance for your operations.   


Healthcare & Medical Devices


We help MedTech companies find facilities that support both R&D and manufacturing. Our team secures spaces that accommodate clean rooms and specialized equipment while offering the flexibility needed for product development cycles and regulatory compliance.  


Research Institutions


We assist research institutions in optimizing their real estate portfolios. Our services include space planning and strategic facility management to align with long-term scientific programs, evolving research priorities, and specific funding cycles. 

Team

Matthew Stesco
Matthew Stesco

Vice President, Office
Toronto, Canada


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Joel Goulding Vice President
Joel Goulding

Vice President
Toronto, Canada


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Matthew MacLean Vancouver
Matthew MacLean

Personal Real Estate Corporation, Executive Vice President, Commercial Sales & Leasing
Vancouver, Canada


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Andrei Jelescu
Andrei Jelescu

Personal Real Estate Corporation, Associate Vice President, Commercial Sales & Leasing
Vancouver, Canada


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Research

MM Web Card Image 750x456.jpg
Article • Investment / Capital Markets

Market Matters: Exploring Real Estate Investment Conditions & Trends

Explore current conditions, short-term developments and long-term economic trends so you can better understand their impact on the real estate investing environment.
6/30/2026
life sciences feb 2026 web card
Research

Life Sciences Update

The Life Sciences Update covers life sciences venture capital funding, rent and vacancy trends, investment sales, labor analytics, clinical trials and market-level insights for top global life sciences markets.
Sandy Romero • 2/23/2026
Life Sciences funding in view web card
Research

​​Life Sciences Funding in View​

Global funding activity across the life sciences sector was mixed in 2025.
Sandy Romero • 1/26/2026
LifeSciences-Checklist_card
Article

Does your building qualify for a life sciences conversion?

Interest in converting assets for life sciences use is growing amongst building owners. Cushman & Wakefield’s Project & Development Services team developed basic building performance criteria based on the minimum standards that life sciences companies typically require. 
Eric Giles • 7/18/2023
Tech-Cities_Chicago_Web-Card
Article • Technology

Global Tech Cities: Chicago

Chicago is the nation’s third-largest city and acts as a natural hub for innovation in the Midwest. As a leading business center, Chicago has the capital, labor and infrastructure to support the world’s top technology firms.
Gregory Rogalla • 9/6/2022
122021GreenIsGoodSpotlightPt3webcard
Research • Sustainability / ESG

Green is Good Series

Across the commercial real estate (CRE) investment landscape, ESG-focused funds have been growing in popularity across institution types. 
3/29/2022

Frequently Asked Questions

Canadian life sciences real estate operates within a distinctive ecosystem shaped by government investment in biomanufacturing, proximity to leading research institutions, and access to specialized talent pools. We help clients navigate provincial incentive programs, understand regional research clusters from Toronto's MaRS District to Vancouver's biotech corridor, and identify locations that provide competitive advantages. Our team tracks supply dynamics, construction costs, and tenant activity across Canadian markets, providing clients with intelligence that supports strategic decision-making.

We begin by understanding your specific requirements, from biosafety level and specialized infrastructure to expansion flexibility and proximity to talent sources. Our team leverages comprehensive market knowledge to identify available lab space, evaluate conversion opportunities in existing buildings, and assess new development options. We negotiate lease terms that reflect the technical requirements of lab environments, including considerations for HVAC systems, utility capacity, waste management, and landlord responsibilities for specialized infrastructure.

Life sciences real estate offers unique investment opportunities characterized by long-term tenant commitments, premium rental rates, and strong demand fundamentals driven by sector growth. However, these assets require specialized knowledge to evaluate properly. We help investors understand valuation drivers from tenant credit quality and lease structures to technical infrastructure and location within research ecosystems. Our team provides acquisition advisory, due diligence support, and asset management services tailored to life sciences properties.

We guide development projects from initial feasibility analysis through construction completion and tenant occupancy. Our team coordinates with specialized architects, engineers, and contractors who understand lab design requirements, manages regulatory approvals and permitting processes, and oversees construction to ensure facilities meet technical specifications. We help clients navigate decisions around biosafety levels, environmental systems, utility infrastructure, and flexible design features that accommodate evolving research needs.

Expansion decisions should consider factors including access to specialized talent, proximity to research institutions and hospital networks, availability of suitable lab space, provincial incentive programs, and operational costs. We help clients evaluate markets across Canada, analyzing labor availability, real estate costs, competitive dynamics, and ecosystem strength. Our team provides site selection services, market entry strategy, and lease negotiation support tailored to your growth objectives and operational requirements.

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