Introduction to Summit’s Rapid Rise in the Life Sciences Sector Summit, New Jersey, once known primarily for its scenic suburbs and proximity to New York City, is now emerging as one of the most dynamic locations for life sciences innovation in the United States. In recent years, this affluent town…
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,…
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…
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…
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…