The demand for life science and technology buildings is steadily growing. As advancements in medicine and private investments in research surge, the need for more, better-designed laboratories and support spaces increases.
As a result, renovations are becoming increasingly popular in the life science and technology community. A lack of vacant greenspace in desirable areas for lab development has led to more projects that adaptively re-use outdated structures. Renovations are often both a sustainable solution and a financially smart choice. With the help of architects and planners, savvy real estate investors can quickly determine which vacant spaces make the most financial sense to become conversions.
The second emerging trend which is having an impact is automation. With automated devices expected to execute more than half of today’s tasks by 2025, automation can offer significant advantages to life science researchers including improved data quality, cost efficiency, scalability -- and more time to do things other than run repetitive experiments in the lab. Automation is also beneficial to new sophisticated biological techniques like next-generation sequencing or mass spec proteomic analysis, which demand increasingly complex workflows that are sometimes too complex and time-consuming for people to successfully execute.
Given the huge potential of fully automated workflows, many research labs are abstracting scientists from lab work -- pulling them off the bench and putting them in front of a computer to design experiments for lab robots to complete rather than executing them themselves. This makes more efficient use of scientists’ understanding of biology, leaving the repetitive lab work to robots so the biologists can solve difficult scientific problems.
Next-generation labs will be powered by the same qualities that drive success in life sciences overall. With intense competition and high-stakes rewards for delivering first-to-market drugs and devices, adapting labs to enhance productivity will be critical to determining future life sciences leaders. The desire for good health and longevity will only rise, increasing the demand for cutting-edge, productivity-enhancing life sciences—and the real estate that supports it.
Let us know your thoughts.