Savills has noted that venture capital investment in the space sector has rocketed over the past three years, following a life sciences boom.
Spacetech, which includes spaceflight, satellites, and exploration technology, has seen a 67% increase per year in venture capital investment for the past three years, which accounts for $21bn (£17bn).
Savills expects the move to drive a spate of new requirements for real estate globally.
Companies headquartered in the US, China, Japan and the UK have been at the forefront of the space sector, but Savills is also seeing alternative spacetech locations emerging.
Tom Mellows, head of UK Science at Savills, said: “The space industry stories that grab the headlines are usually those involving billionaires, but there are many sub-sectors that employ thousands of people and have specific and significant real estate needs.”
Steven Lang, director in Savills commercial research team, added: “The companies we’re seeing secure investment today are at the forefront of the sector and are looking to rapidly expand.
“Launch sites are very specialised, and possibly something more for an infrastructure fund in partnership with public investment, but there are many R&D, academic-linked and corporate locations that will emerge as the ecosystem grows, akin to the life sciences sector.”
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