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

UNDERSTANDING COSTS: AN EXAMPLE

Fit out costs provided here for individual lab and cGMP types give guide users the flexibility to better understand costs. The following example project calculation is for a cGMP gene therapy small manufacturing site located in Seattle. Using a cold core and shell, the project includes a cGMP gene MFG suite, QA/QC analytical lab, BSL2 labs, and cGMP warehouse. G&A spaces include offices, break areas, conference rooms, primary circulation space, lobby and support space. Below is a table of the square-foot breakouts with associated cost per square foot (psf) for each type of space. The table consists of the project drawing usable square-foot take offs and the average cost psf per type of space. To get the cost psf on rentable sf, one will need to account for the loss factor of the building. Estimated costs are indicative of market averages based on certain assumptions. Since exact costs for specific projects may differ from those presented here, we recommend engaging a Project & Development Services (PDS) professional to advise on precise costs based on your unique construction requirements.

Second Floor (Mezzanine)

First Floor

Usable SF

Estimated $/Ft

ROM - Cold Shell

14,365

$263

$ 3,777,995

Office, Primary Circulation, G&A Space

6,840

$ 1,230

$ 8,413,200

cGMP (MFG/Drug Sub.) Cell/Gene

3,038

$ 641

$ 1,947,358

QA/QC Analytical Lab

8,557

$ 615

$ 5,262,555

BSL2 Labs

3,405

$ 257

$875,085

cGMP Warehouse

36,205

$20,276,193

Total Usable/SF & Hard Costs

40,550

$/RSF

$ 500.00

Estimated Rentable - 12% (Loss Factor)

18

Cushman & Wakefield