Up and coming

Houston named a top city for emerging life sciences market

Houston, home to the largest medical center in the world, was ranked the second in the nation for emerging life science clusters. Photo by Dwight C. Andrews/Greater Houston Convention and Visitors Bureau

From a real estate and employment perspective, Houston is the second in the nation for emerging life sciences market, according to a new report.

CBRE released the top 10 cities for life sciences, as well as nine cities that have seen recent growth in the industry. While the Northeast and California dominated the list of the established markets, three Texas cities took top spots on the emerging list. Austin ranked behind Houston at No. 3 and the Dallas/Fort Worth area claimed the No. 7 spot. The top emerging life science cluster was the Seattle area.

The ranking was based on each metro's three-year growth in life sciences employment, National Institutes of Health funding, life science educational opportunities, number of medical research and health-services institutions, and the amount of high-tech workers.

"We've watched the life sciences sector for quite a few years in Houston as it steadily grew, but within the past few years it has grown exponentially," says CBRE Houston's First Vice President Scott Carter in a release. "TMC3 is obviously going to be a catalyst for continued growth in life sciences."

The growth within the industry has translated from employees and research to real estate, and Carter says CBRE currently has the 224,931-square-foot Texas A&M ALKEK building on the market — most of the facility is laboratory space.

"There has been substantial interest from investors in the top established life science markets," he continues. "They recognize Houston as an emerging market and see the value of placing capital in the Houston area."

The country's venture capital funding for the industry increased 86 percent last year to $15.8 billion, and, according to the release, the lab space under construction in the top five metros for life science growth expanded 101 percent last year to 6 million square feet.

"Multiple indicators point to sustained, strong growth for the life sciences industry, which makes life sciences labs and offices an ideal focus for developers and investors," says Steve Purpura, vice chairman leading CBRE's life sciences business. "Few industries offer this much expansion potential, but much of the activity happens in a select number of special markets."

Via the CBRE report

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Building Houston

 
 

Looking to mix things up in your career? Elon's got a gig for you slinging cosmic cocktails. Mixology Crew

Can you mix a mean margarita? Are you capable of slinging a superb Aperol spritz? If so, Elon Musk wants you to become a "spaceport mixologist."

Musk's SpaceX, which builds and launches rockets, is hiring a "passionate, experienced" mixologist for its "spaceport" near Brownsville. The ideal candidate possesses at least two years of "superior" mixology experience at resorts, bars, and full-service restaurants, including the ability to pair drinks with themed menus.

Among other duties, the mixologist will prepare drinks, including handcrafted cocktails, and will ensure "consistency and compliance with the restaurant's recipes, portioning, and waste control guidelines."

The new mixologist will concoct alcoholic beverages for SpaceX's launch facility in Boca Chica, a Texas Gulf Coast community about 20 miles east of Brownsville. The job posting indicates the mixologist will work on the culinary team serving the SpaceX workforce.

According to Austin-based job website Indeed, the average mixologist in the U.S. earns $13.53 an hour. The SpaceX job posting doesn't list a salary, but you've got to imagine Musk — by far the richest person in Texas — would fork over more than $13.53 an hour for a spaceport mixologist.

By the way, in case you're not a master mixologist, SpaceX also is looking for a sous chef in Boca Chica. The sous chef will be tasked with cooking up menus that emphasize seasonal items and "creative" options. The chef's duties will include sourcing high-quality ingredients "with a focus on local, sustainable, and organic items."

Musk, who spends much of his time in Austin, is developing what the Bloomberg news service describes as an "empire" in Texas. Aside from the SpaceX facility, Musk-led Tesla is building a vehicle manufacturing plant just east of Austin and is moving its headquarters here. If that weren't enough, the Musk-founded Boring Co., which specializes in developing underground tunnels, lists 20 job openings in Austin on its website. In addition, SpaceX tests rocket engines at a site in McGregor, about 17 miles southwest of Waco.

"Texas has had its share of characters over the years, and many have been larger-than-life, wealthy risk-takers who came from elsewhere," Waco economist Ray Perryman tells Bloomberg. "There's still a wildcatting mentality here, and there's still a mystique about Texas that Elon Musk fits well."

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This article originally ran on CultureMap.

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