Local commercial real estate markets are thriving as a number of Philadelphia startups search out more affordable space in the suburbs due to the coronavirus pandemic, writes Joseph DiStefano for The Philadelphia Inquirer.

WuXi Biologics has decided to place up to 100 employees at Discovery Labs in King of Prussia. The company already employs 600 at its Navy Yard buildings.

Among the reasons for the addition of the Discovery Lab location, WuXi spokesperson Shi Ruyi cited “the talented workforce” in the surrounding area, where pharma giants such as Merck and GlaxoSmithKline employ thousands.

Meanwhile, Immunome, the newly public cell-therapy maker, has set up shop at Hankin Group’s Eagleview in Exton.

There, “our neighbors are Frontage and Takeda and DSM Biomedical,” said Rich Fitzgerald, Immunome’s CFO.

According to Joerg Ahlgrimm, Discovery Labs president, suburban sites offer “affordable space and a great talent base,” with “a lot of parking” for manufacturing workers.

“These people are on-site, they work in shifts, and that is often easy to achieve in a suburban location,” he said.

Read more about local office markets in The Philadelphia Inquirer by clicking here.

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