Inventory of New Jersey Available Lab Space has experienced and increase in pricing in recent months. During the 2nd quarter of 2024, availability has tightened up; however, moving forward, some large pharmaceutical campuses have become available and will lease out various size labs. Following is an overview while not completely…
The best-case scenario has occurred -- your business is doing well and you are considering relocating your laboratory. You want to be thoughtful in your approach because relocating takes time and focus away from your current day to day function as a business. What is the best timing to begin…
When deciding whether you should lease or purchase a building to operate your business, there are 4 important questions to ask yourself, namely: 1. Is a down payment the best use for my cash? 2. Do I expect my need for space will expand or contract in the next five…
If you are considering subleasing lab space for your life science company in New Jersey, you are not alone. Many companies prefer a space that has been previously built out and operating as a lab. Doing so saves time and expense because lab space is more expensive to construct than…
Did you know that there's no cost to work with a commercial real estate broker who specifically focuses on the life science industry? Commercial real estate brokers are paid by the landlord, so there is no cost to the life science company for the broker’s assistance. As with any industry,…
A tenant improvement allowance (also called a "TI" or "TIA") is a landlords’ financial contribution for the proposed work within the potential tenanted space. This is an incentive a landlord may offer a tenant to lease space in their complex. A tenant communicates their build-out needs, and then a design…