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 can cost your company time and money, we recommend following the suggestions below.

Steps for Choosing a Facility for Your Life Science Company

1. Locate your business in a municipality that is properly zoned and familiar with your specific use of the space. This may aid in preventing delays in the permitting and approval process from the township in order to occupy the space.

2. Select a property which can accommodate the utilities/power and waste systems needed to support any specialized equipment.

3. Engage architects and consultants with laboratory experience who will work within your budget and design your space for the level you need and no more.

4. Plan for future expansion so you won’t incur relocation costs or need to split up your operation causing it to be less efficient.

5. Get a second opinion to value engineer all aspects of the build-out including necessary square footage, layout, size and efficiency of HVAC systems, and ceiling heights.

6. Compare the cost to build out your space in several locations before proceeding. If you can find a location with existing infrastructure, ensure it will be cost-effective to modify to accommodate your use.

7. Get a realistic time frame for the delivery of the space so you don’t lose any business opportunities.

The above steps can aid in your preparation to locate, expand or choosing a facility for your life science company business in New Jersey.

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Please call for more information about current available laboratory space in New Jersey.

Jeanne Sabo Rothenberg, CCIM
Vice President
NAI DiLeo-Bram & Co.
Cell: (908) 377-9004
http://www.commercialrebroker.com/
jrothenberg@naidb.com