Frequently Asked Questions
Why lease in New Jersey?
New Jersey is a hub for bio-pharmaceuticals and business is booming. It is home to 17 out of the world’s 20 largest pharmaceutical leaders and there are currently more than 3,000 companies in the life sciences and pharmaceutical industries, creating an environment that actively promotes employment and growth, within a flourishing economy.
How do I know how much lab space I need?
The total amount of space you require will depend on the nature of your business and the layout of the space you select. In general terms, you will need approximately 120 to 150 square feet of space per employee. If you would like a more detailed assessment, we are here to help you.
Should I lease or buy laboratory equipment?
There are advantages and disadvantages. Leasing equipment can save you money in the first instance, because you can often pay if off in monthly instalments. It also offers more flexibility for one-off or short projects and allows you to try the equipment before taking the plunge and buying. It is however worth noting that you won’t build equity within it, and you answer to the leasing company’s specifications and procedures when it comes to maintenance and upkeep.
Should I hire a broker?
It is always advisable to work with a real estate broker who has prior experience in finding lab spaces. They will ensure that you find the right space that fits with all of your requirements.
Who do I contact to schedule a showing?
Scheduling a showing is easy. If you are interested in learning more about availabilities at Cedar Brook Corporate Center, simply get in touch with Bruce Simon
via email (email@example.com) or call directly at 609-655-5400.
How long does it take to build out a pharmaceutical laboratory space?
The timeline depends on various factors including size of the lab, complexity of modifications and type of equipment that will be needed. On average most laboratory time frames take 4 to 12 months to build out.