The life sciences industry is experiencing something of a real estate boom. Already prosperous before the pandemic, life science construction and development are surging. The need for administrative, R&D and manufacturing spaces is greater than ever before. Savvy real estate investors might be tempted to get in on the action.
It’s important to realize that building pharma and biotech facilities and labs is much different than building spec spaces for retailers and small businesses. There’s a lot of nuance related to the design and construction of these facilities. To ensure efficient occupancy and good financial return, a keen understanding of the industry’s fundamentals and considerations is a requirement.
