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…
Considering relocating your lab? Not so fast. Many crucial pieces of equipment are taking much longer to arrive due to supply chain issues, thus leading to unexpected costs and timing delays that impact every aspect of your move. Lengthier lead times for equipment such as air handling systems, for example,…
Existing available laboratory space in the New Jersey market has tightened up in recent months; however, there are still viable options available. An important shift to be aware of is that due to greatly increased lead times for equipment and HVAC systems, newly designed labs are taking much longer to…