Life sciences employment and federal research funding have grown rapidly in the Seattle area since 2019, according to a new report from real estate firm CBRE.
The Seattle area ranked third among metro areas for life sciences employment growth, which increased 25% from 2019 to 2022. R&D employment in the region increased even more rapidly, at 39.3%. Only the San Francisco and Boston areas showed more rapid overall jobs growth in the sector.
Seattle also saw the largest increase of any metro area in funding from the National Institutes of Health from 2019 to 2022. NIH funding increased nearly 30% in the city, reaching about $1.39 billion in 2022. The University of Washington and Fred Hutchinson Cancer Center were the largest recipients of NIH money, at $591.6 million and $473.9 million, respectively.
