Navigating Life Sciences Space and Real Estate: Trends, Challenges, and Solutions

Welcome to the latest edition of The Workplace Reconnected, where we explore the crucial factors and emerging trends shaping today's work environments. This month, we explore the Life Sciences industry, offering strategies to optimize labs, research facilities, and office spaces.

You’ll discover how to navigate your organization’s post-COVID-19 challenges, including managing evolving space requirements, harnessing data-driven insights for informed decision-making, and implementing flexible work solutions to boost productivity and efficiency. Additionally, we’ll provide actionable guidance on managing your real estate portfolio to ensure it aligns with your organization’s evolving needs.

Elevate Your Life Sciences Workspace: Lab and Office Optimization Tips

COVID-19 highlighted critical gaps in Life Sciences organizations. The pandemic's urgent demand for vaccines, therapeutics, and diagnostics led to a surge in research and development, increasing the need for lab and office space. As these immediate needs subside, the long-term effects are shaping how organizations manage their spaces.

In this video with Nuvolo ’s VP, Life Sciences, Ethan Smith , he explores essential strategies for optimizing lab and office spaces. Learn why it's important to track space utilization accurately and provide user-friendly reservation tools for hybrid work.

Key Challenges and Solutions in Life Sciences Real Estate

From juggling high capital expenses to minimizing excess capacity, the stakes are high in maintaining state-of-the-art lab and production facilities.

In this video, Ethan Smith explains the core challenges of optimizing life sciences real estate portfolios and how actionable data can ease decision-making. Discover which tools can help you balance costs, expand your footprint strategically, and make smarter moves in this high-stakes industry.

Support Your Biotech’s Real Estate Journey

Corporate real estate is often a company’s second largest expense after labor, and biotech companies are spending over $600 per square foot on average for their spaces.

As your biotech scales in size and achieves clinical milestones, it is important to know how you will continue to strategically plan, effectively use resources, and adapt to changing market conditions.

In this webinar, learn how you can:

• Gain visibility into current real estate details to plan, manage, and optimize your portfolio
• Determine whether to expand current spaces or purchase more square footage by planning for headcount growth and predict business scaling needs
• Save significant time and money by consolidating all contracts, payments, and critical dates on one platform
• Proactively assess new cost-effective areas in the market for office, research and manufacturing space

The Latest in Life Sciences: Four Space and Real Estate Trends

This blog post explores key emerging trends shaping space and real estate strategies in life sciences organizations of all sizes from big pharma to startups, emerging biotech companies, and everything in between.

Read on to learn more about the trends and key considerations that will help your life sciences company adapt and thrive in this rapidly changing environment.

Life Sciences in Connected Workplace

Nuvolo Connected Workplace for Life Sciences is designed to streamline the complexities of running a life sciences organization. From managing your buildings and equipment to overseeing critical business processes, the solution provides a unified view of your entire operation.

Our real estate and space products are integral to Connected Workplace. By combining this data with insights on capital planning and asset management, you gain clear insights into your entire company. This unified perspective empowers you to make informed decisions, optimize resource allocation, and drive operational efficiency.

Learn more about Connected Workplace for Life Sciences here.