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

USING THE GUIDE

LIFE SCIENCES FIT OUT COSTS

Across all life sciences facility types and the six markets surveyed, fit out costs overall averaged $837 psf, with costs totaling $690 psf on the low end and $980 psf at the high end. By facility type, costs were highest for BSL3, averaging $1,930 psf and lowest for warehouse at $199 psf. By market, costs were highest in San Francisco, averaging $1,152 psf on the high end and lowest in Raleigh-Durham, averaging $533 psf on the low end. Comparing all markets and facility types, the three priciest markets were all BLS3 facility types on the high end: San Francisco ($2,272 psf); Philadelphia ($2,021 psf); and Boston ($2,008 psf). The three most cost effective markets were all warehouse facility type on the low end: Raleigh Durham ($160 psf); Seattle ($193 psf); and San Diego ($201 psf).

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