The term life sciences usually comes up whenever Philly’s innovation economy is discussed.

There’s excitement in the long-term potential of areas like cell therapy and its implications for cancer treatment. There are enterprising companies in the diagnostics and bioengineering fields. And it doesn’t hurt to have a billion-dollar exit story to tout in the gene therapy space.

It’s not all about the future, though: Per a recent report from real estate firm CBRE, Philly’s home right now to the eighth-largest life sciences cluster in the country, with some 51,000 people employed by life sciences companies in the Philly metro area.

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