Skip to main content

Houston Ranked Nation's 2nd Fastest Growing Life Sciences Hub

Published Mar 26, 2019 by Sarah Hunter

Houston ranks second in the nation among emerging life sciences hubs, according to a new report from commercial real estate company CBRE. Venture capital funding in the industry locally increased 86% over the past year.

The report analyzed several factors, including education infrastructure, recent life sciences employment growth, number and concentration of scientists fueling innovation, quality and quantity of medical institutions and size of funding sources.

“Multiple demographic, scientific and financial factors have propelled life sciences into growing faster than most other industries in the early part of this century, and many U.S. markets are well equipped to facilitate and capitalize on that growth,” said Ian Anderson, CBRE Director of Research and Analysis and primary author of the report. “Those likely to stay at the top of that list, or to rise on it, have an uncommon combination of health institutions and universities, a qualified workforce, a pipeline of industry funding, an ample base of lab space, and a solid technology industry to partner with life sciences companies.”

Houston’s favorable performance in these areas helped the city rank second only to Seattle and will be a key factor in attracting further investment to the already growing sector. 

Houston's life sciences employment grew by almost 14 percent between 2014 and 2017, the report found. The Greater Houston Partnership's 2019 Employment Forecast anticipates 9,000 new jobs will be created in the health care sector this year. 

The Houston Chronicle reported that the "burgeoning sector has driven real estate development, including a recently announced 48-story tower that is focusing on the needs of life science and venture capital tenants.”

Houston's life sciences and health care growth is driven in large part by the presence of the Texas Medical Center and its more than 60 institutions. TMC is the world's largest medical complex, spanning 50 million square feet and accommodating 10 million patient visits annually.

Expansion in life sciences will be further buoyed by TMC3, a 30-acre research campus being developed in the Texas Medical Center. TMC3 is expected to bring $5.2 billion into the Houston economy and create roughly 30,000 jobs.

Click here to read the full CBRE report. Read more from the Houston Chronicle. And click here for more on the life sciences industry in Houston. 

Related News

Health Care

Texas Children’s Hospital, MD Anderson Cancer Center Announce Joint Venture Dedicated to Pediatric Cancer Care

2/21/25
Texas Children’s Hospital and the University of Texas MD Anderson Cancer Center have announced a new joint venture aimed at advancing pediatric cancer treatment.   According to the U.S. Census Bureau, more than 24 percent of Texas' population is under 18 years old, and Texas Oncology reports that over 1,700 children under the age of 20 are diagnosed with cancer, with nearly 200 losing their lives to the disease annually. This makes the need for life-saving treatments more crucial than ever.  By combining the expertise and resources of two of the nation’s leading medical institutions, the partnership will expand access to clinical trials, catalyzing innovative discoveries that can bring treatments to young patients faster.  “The scope and scale of our combined effort will build the world’s preeminent pediatric cancer center, addressing the growing need for excellent patient care and greatly benefiting children with cancer through increased access to care and to clinical trials,” Dr. Peter WT Pisters, president of MD Anderson, said in a press release. “MD Anderson and Texas Children’s offer unique strengths that when brought together will accelerate improved outcomes for patients in Texas and around the world.”  Set to launch in early 2026, the joint venture will prioritize the creation of new facilities designed to enhance the overall patient experience, featuring state-of-the-art medical technology and a “best-in-class healing environment.”  The care team will include 200 Texas Children’s pediatric oncology specialists who are full-time faculty with Baylor College of Medicine and more than 100 MD Anderson pediatric clinicians and researchers.  “This groundbreaking collaboration between two proven leaders in pediatric and cancer care marks the beginning of a new era in the fight against childhood cancer,” Debra Sukin, president and chief executive officer of Texas Children’s, said in the release. “The combined force of our two iconic programs will be led with the nation’s top talent—from clinicians and researchers to nurses and administrative professionals—each committed to realizing the shared mission of eradicating pediatric cancer.”  The initiative will also invest in pediatric oncology education programs, ensuring that the next generation of medical professionals is equipped with the tools and knowledge needed to continue advancing pediatric cancer treatment.  The partnership between Texas Children’s and MD Anderson showcases Houston’s dedication to advancing cancer research and pioneering life-saving treatments. In line with this commitment, MD Anderson furthered its efforts last year through a partnership with Rice University to establish the Cancer Bioengineering Collaborative. This collaboration focuses on both fundamental and translational cancer research, developing cutting-edge technologies for cancer detection and therapy, and securing external funding to support continued research and training.  Learn more about Houston’s life sciences ecosystem. 
Read More

Related Events

Economic Development

State of Education

The Greater Houston Partnership invites you to the State of Education on Friday, May 9 at the Marriott Marquis. The success of our region relies on a thriving education system providing…

Learn More
Learn More
Executive Partners