How Life Science Campuses Are Evolving

Life science companies, whether navigating early-stage funding constraints or managing public market pressures, don’t often have the resources or time to develop their own facilities from the ground up. That dynamic has created a strong niche for developers of speculative (“spec”) life science properties to create buildings designed and constructed in advance that anticipate the specialized needs of biotech and research tenants.

Spec development offers clear advantages to both sides: for tenants, it means faster move-ins and the ability to occupy purpose-built laboratory space without the capital investment of ownership. For developers, it provides a product type that commands longer leases and higher rents compared to traditional office properties...

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RSK: Madison`s spec lab sciences is mostly at a standstill for the moment. But, I expect that to change as construction costs and interest rates decline a bit.