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| 1 minute read

New Building Blocks of Life Sciences: Modular Construction?

While enjoying my morning coffee and catching up on news articles, I came across this article in Bisnow -- "In Labs and Life Sciences, Puzzle Pieces Coming Together for Modular Construction" -- illuminating a unique intersection between proptech and life sciences. Below are some of my thoughts and key takeaways from the article:

  • Modular construction has become increasingly popular in lab and biomanufacturing construction because it can be faster, cheaper and present more optionality in the buildout, delivering "better environmental performance, more flexibility and precision in manufacturing environments [like clean rooms and assembly lines] and providing more freedom for developers trying to save costs during a difficult economic moment."
  • A lower environmental footprint can help such developments meet the challenge of new environmental regulation like New York City's Local Law 97 and similar emissions regulations across the country. 
  • Of course, with all things #innovation, the promise precedes the actual practice. Experts caution the construction costs aren't always lower and large modular pieces are difficult to drop into dense urban environments like New York City.

Certainly an area to watch as modular construction methods improve and the demand for life sciences hubs grows. The ability to quickly scale-up development while satisfying stringent quality and environmental requirements are key advantages.

“It’s presenting a huge opportunity for not just landlords but tenants,” Elevate Research Properties Senior Vice President Matt Malone said. “Your tenant base can be wider because you’re not committing to one thing when building out.”

Tags

proptech, life sciences, biotech, innovation