Summary: Tyson Reynoso, Senior Director at King Street Properties joins the Pod to break down a complicated and seemingly recession proof sector within the real estate development space, Life Sciences. The news is flush with stories of the “Life Sciences Land Rush” and we dissect what that really means and cover such topics as, what are typical build costs to construct or renovate a life science facility? Once completed, what are the ranges of expected rents for these facilities? What are the key attributes that make for a successful retrofit of an existing building and why typical tall office towers are not ideal candidates? What is the range of project sizes within Life Sciences? What is the smallest viable lab development & could a small entrepreneur break into the space? If you enjoy this episode we’d be grateful if you could share it with a friend & leave us review on iTunes.
