• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
732-991-4439 [email protected]

Contact Us

Franzwa Real Estate Advisors LLC

Franzwa Real Estate Advisors LLC

  • Home
  • About
  • Brokerage Services
    • Tenant Representation
    • Lease, Purchase & Sale Negotiations
    • Occupancy Planning & Site Selection
    • Complimentary Consultation
    • Lease Abstract
  • Properties
    • Office
    • Life Sciences & Laboratory
    • Industrial & Flex
    • Medical Office
  • Market Trends & Insights
  • Testimonials

Current Life Science Market Conditions H2 2021

Biden’s administration proposals to significantly increase NIH funding (which already grew 37% since 2015) and a series of innovation and competition acts recently passed by Congress may create new research hubs.  Growth will continue to accelerate as Landlords break ground on spec Lab space and those from other sectors such as Office or Residential look to get in on the action through conversions of older vacant buildings.

New Jersey represents one of the largest Life Sciences markets in the country, ranking 6th overall for market demand while Boston leads the nation as #1.  Big Pharma and many of the world’s top universities make our state one of the most sought after for venture capital and premier pharmaceutical companies.  Biomanufacturing has been a dominate driver of activity.

New Jersey has approximately 20.5 Million sf of existing Lab and R&D space.  Net lease rents for lab space in NJ grew 10-15% in the past year.  In Philadelphia, rents soared nearly 40%.  While there is virtually no new construction underway in NJ’s Suburban markets, conversion of older Office to Lab space is taking place.

Quality Lab space is leasing quickly as strong demand continues, leaving a serious lack of existing Life Sciences space on the market today.    This means higher rent and meager or no concessions.  Be prepared for multiple tenants vying for the same space.

We can help you make the most of your leverage to find the Lab space you need.  Know what to expect and how to reach your goals notwithstanding these significant challenges.

Call us for a situation and strategy consultation or for a list of available lab space that meets your needs.

Filed Under: Life Science

Primary Sidebar

Headquarters Office:

Franzwa Real Estate Advisors, LLC
Princeton Forrestal Village
116 Village Boulevard, Suite 304
Princeton, New Jersey  08540

Special Address For Confidential Mail:

Franzwa Real Estate Advisors, LLC
P.O. Box 1201
Highland Park, New Jersey  08904
Attention: Mary Franzwa Ryan

Footer

Contact Info

  • 732-991-4439
  • [email protected]
  • 116 Village Boulevard, Suite 304,
    Princeton, New Jersey 08540

Quick Links

  • About
  • Brokerage Services
  • Properties
  • Market Trends & Insights
  • Contact Us

Properties

  • Offices
  • Life Sciences & Laboratory
  • Industrial & Flex
  • Medical Office

Copyright © 2025 · Franzwa Real Estate Advisors LLC . Custom Web Design by JSMT Media