Retrofitting Office Space to Attract Life Sciences Companies
June 7, 2022
In recent years, record-breaking investment flowing into the life sciences sector has prompted unprecedented growth. As life sciences firms expand their facilities to keep up with demand, available space to accommodate these growing businesses — especially in well-known industry clusters like San Diego, Boston, and the San Francisco Bay Area — remains scarce.
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. For office landlords grappling with uncertainty as other industries embrace remote and hybrid work policies, the life sciences sector represents an untapped potential revenue stream.