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…
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…