Office-to-Life Science Conversions: High Demand, Lower Cost, Faster Delivery
Given a marked flight-to-quality and declining demand for office space overall, older office assets are increasingly being converted to other uses.
Source: uli.org
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What It Takes to Convert Office Space to Lab Space
What It Takes to Convert Office Buildings to Biolab Space? Conversions to life science space are becoming more popular, but there are some considerations to keep in mind. With demand for office space somewhat anemic right now, many office landlords are considering repositioning their office buildings as life science lab space, especially in premier biomedical research markets, including Boston-Cambridge, the San Francisco Bay Area and San Diego. Office-to-lab conversions are currently a hot trend in the Boston-Cambridge market, according to Boston-based Robert Richards, who leads the Ca...
Source: wealthmanagement.com