Drug companies and biotech researchers are starting to make their move to New York. Expiring patents on major drugs are closing in, which means drug companies need to find an area dense with hospitals and universities to rebuild their own labs and “cutting-edge” research to produce more business.
Although it may seem like a perfect fit on paper, these laboratory tenants, and big time drug companies are going to have a difficult time relocating. Finding a space in Manhattan that is the right size may contain a price tag that they’re probably not willing to pay.
New York seems like the perfect place to relocate, but the baggage that comes along with the greatest city in the world may be too much for these companies to handle. What do you think?