Life Sciences U.S. Fit-Out Cost Guide 2023

FIT OUT COST GUIDE METHODOLOGY As mentioned, the information in this report covers nine lab and cGMP facility types across the six major U.S. life sciences markets—specificity that helps our clients better understand project costs. Please carefully review the assumptions below.

GENERAL OVERALL ASSUMPTIONS The following assumptions apply to all lab and cGMP type fit out costs: > Work completed in cold shell (i.e no greenfield) > All existing base building utilities sized appropriately > All projects based on TI fit out scopes in leased space, where core and shell scope are existing > Assumes floor loading and floor-to-floor clearances are sufficient for life sciences purposes > Inclusive of all project hard costs > Assumes all lab and manufacturing space is on standby power > Assumes all waste neutralization is already in place as part of base building > All lab space costs will include casework > All cGMP spaces are designed without full utility and HVAC redundancies

EXCLUSIONS These exclusions apply to all lab and cGMP type fit out costs: > Process and lab equipment > All soft costs (architect, engineering and permit costs) > Low-voltage cabling > Audio visual equipment > Security > Furniture > Other furniture, fixtures and equipment (FF&E) items

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