The lab real estate market continues to be regionally challenged, especially regarding startups, but is underpinned by “Big Pharma” consolidation and growth plans across the country. The current lab space inventory built and in construction is creating increased competition and a surplus in supply, increased tenant leverage, and reduced rental rates.
The downstream manufacturing sector remains hot driven by supply chain resilience, in-shoring and biopharmaceutical drug approvals. The market continues to see investment in both in-house and contract manufacturing across the globe with hot pockets in the Southeast and Northeast. All this combined with an environment ripe for M&A, the outlook remains strong for the foreseeable future.
What We Are Seeing
Although we are seeing some positive shifts toward more historically normal escalation and improvements in select supply chain lead times, mitigating volatility of price and schedule uncertainty will remain a priority.
Ever-increasing demands and focus in Life Sciences on speed to market, sustainable strategies, safer installations, and competition for qualified labor, particularly on complex large-scale or more remote projects, are driving alternative approaches to project delivery and design.
How Can We Help?
Our dedicated in-house subject matter expertise, capabilities, and experience uniquely allow us to deliver Life Sciences projects with greater predictability under today’s demanding market needs.
Prefabrication
Prefabrication capability to build more safely, save time, money, and meet the challenge of labor shortages while constructing high quality facilities to enhance your brand with more detail and precision than traditional construction methodologies.
Sustainability
Our teams are supported by global sustainability resources that can evaluate opportunities to optimize a project’s sustainable goals throughout the project lifecycle. Our corporate commitment to sustainable construction practices can further reduce a project’s environmental impact.
Process Equipment Procurement & OES
Our process equipment procurement team can provide purchasing services that will mitigate schedule, logistical, and coordination risks, as well as optimize skidding solutions that best fit a project’s execution plan. Combined with the power of DPR’s OES (Organized Efficient Services) organization we provide a one stop shop for construction supplies and requirements.
Systems Expertise
We have technical experts in MEP, process, and I&C/automation systems that allow us to provide critical early design and cost inputs and facilitate alternative procurement methods that ensure more predictable outcomes for schedule, cost, and constructibility.
Photo: Ryan Gobuty | GENSLER
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