About 80% of tenants searching for lab space want to occupy it immediately, so it is helpful to review these four tips to expedite the timing for opening a new pharmaceutical lab. There are several aspects that affect the timing process. It is helpful to acknowledge that while some factors…
Following are five steps needed to plan a timeline to build a pharmaceutical lab. The broad range can be approximately 4 months to one year depending on the amount of modifications and equipment needed. A facility in which manufacturing will take place would need more time than a research and…
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…