|Articles|September 11, 2018

Five Features to Ensure Lab-ready Buildings

A list of five essential features a building must have in order to be considered lab-ready.

Across the country, the leading life sciences companies are clustered in major cities such as Boston and San Francisco. However, eight of the top ten U.S. clusters as reported by JLL in its U.S. Life Sciences Outlook report for 2018 currently have single-digit direct vacancy rates. With available space in these areas at historic lows (and therefore, rents at historic highs), there’s a lot of incentive for new companies to look for space in the surrounding suburban communities. Suburban real estate owners are taking notice. At least twice a month, I am contacted by a suburban property owner or leasing agent and asked to make a commercial office building “lab ready.” As a strategic advisor and architect, it’s an assignment I gladly accept.

However, there are many challenges that building owners face when planning a lab suite in a space that had never been intended for such use, and the increased costs associated with creating a lab-ready environment is often a surprise to many commercial building owners. Just one issue is cost. We see lab renovation costs ranging from $200 to $250 per square foot, while brand new labs are between $250 to $400.

Here are five essential features a building must have to be considered by a savvy lab tenant:

Location

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