Tenants often ask how much New Jersey lab space costs. When inquiring about the cost to lease, there are several components that make up the pricing. Ideally, you want to calculate a “gross number" comprised of base rent plus all other cost components of occupancy. This is especially important when…
Many growing life science companies may find themselves ready for the next step of choosing or expanding their facility. Lab buildouts are typically very specialized and expensive, so you need to be sure you are making the right decision for your organization. To help you avoid 7 common mistakes that…
It is prudent to estimate the total square footage of space needed for a pharmaceutical lab prior to beginning a search for a location. It is also helpful to know the approximate number of current and potential future employees both for the lab as well for the office component. This…
Your company is young, dynamic and thriving. Trying to create a blueprint for growth, and your future real estate needs can be a difficult task. You need to be flexible. The space you’re in today may not suit unexpected future growth, and you don’t want to be locked into a…
When initially negotiating a lease, most tenant's request a renewal option on the space they will be leasing. This will allow them to continue operating their business at this location for a set number of years in the future. The rental rate for the renewal option period will be stated…
The challenges of operating a business are magnified when it comes time to move to a new space. Whatever the reason for the move, the process can be difficult and stressful if you’re not prepared. But, there are some steps you can take that will make a move much easier…