A demand for life sciences workspace
As life sciences companies continue to see record-breaking investment and unprecedented growth, they’re looking to expand their facilities, but space is scarce in attractive markets such as Boston, San Diego, and the San Francisco Bay Area.
Office landlords have a unique opportunity to satisfy this demand by retrofitting workspaces to accommodate the unique needs of life sciences companies. While not all office buildings will be the right fit, it’s well worth it for landlords to consider whether they can tap into the revenue stream of this booming sector.
"Leasing space in traditional office buildings can provide a solution for life sciences companies with dry lab needs, as well as those involved in cell and gene therapies and R&D." - John O’Reilly
Supporting operations
For a life sciences business to successfully operate within a workplace, the space needs to support the business’ activities. It’s important landlords consider:
Accommodating technical and facilities needs
Some life sciences companies will require structural features and specifications that may not be included in the current workspace. Examples include:
What else makes a building attractive to life sciences companies?
While each company’s wants and needs will be unique, building owners can consider best practices such as:
The continuous discovery of new gene therapies, delivery technologies, and drugs in different molecules has led to a surge in demand for space within the life sciences sector—which presents an exciting opportunity for office landlords. Those who seize this moment and provide value to life sciences tenants will become key players in this rapidly growing industry. And those who partner with an expert that understands the unique engineering, workplace, and design needs of life sciences companies will see even greater success.
Learn more about Unispace Life Sciences, our life sciences solutions and center for excellence.
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