You may be wondering if it is possible to minimize additional rent or pass-through costs on a life science lease. The following information will help you understand the variables of "additional rent" charged in lab leases. What are Additional Rent or Pass-through Costs? Landlords have many ongoing expenses associated with…
The spaces listed below represent a sample of existing laboratory space in New Jersey. Some include equipment and furniture. Rents are negotiable and free rent may be offered depending on the length of lease term. The units may be divisible. There are also many existing buildings available for companies wishing…
I often get inquiries from companies looking to lease lab space. When asked how much space they need, they often reply that right now they need X. The amount differs from one company to another; however, hopefully, if the project takes off, they will need to expand. Tenants who may…
Following are 3 ways to minimize expensive change orders when constructing a lab. Change orders are modifications to an approved construction plan once the work has begun. These can be very expensive when constructing a laboratory. There are several things you can do to circumvent this issue. Change orders also…
You may be wondering if a modular lab is a viable option for your new life science facility. While the standard answer for most things lately is “it depends,” the same is true for this decision. Every building has different infrastructure, and every specific requirement and specs for a lab…
Should a life science company convert a flex or office space into a lab to save money? When looking at lab space in New Jersey, a startup company may feel the asking rental rates for ready-to-go spaces are higher than they would like to pay. Some may think it prudent…