It’s been clear to anyone in the industry that Philadelphia is home to a thriving life sciences economy, one that is showing strong growth and is looking primed to continue expanding through the new year.
As captured in a recent article in Philadelphia magazine entitled “How Philly’s Bioscience Sector Is Driving the City’s Next Big Real Estate Boom,” there are upwards of one million square feet of laboratory space under construction.
According to the story, “ … the world’s largest real estate services company, CBRE, ranked Philly number eight on its 2019 top 10 list of the nation’s leading life sciences hubs.” This relatively quick ascent into a league that includes greater Boston, the San Francisco Bay Area, and our neighbors to the south in the BioHealth Capital Region has meant a lot of shuffling of labs for companies in the Bucks, Chester, Delaware, Montgomery, and Philadelphia county area.
If your facility has been drawn into this maelstrom, then Business Move Solutions Inc. is ready to handle your laboratory relocation project.
As outlined in the Philadelphia magazine piece, change is the name of the game in our area. The growing specialization in cell and gene therapy that marks the University City section around Drexel and UPenn has sparked unprecedented growth — and an incredibly tight real estate market in the life sciences sector (down around a two percent vacancy rate). This core area of research, anchored by the 30th Street Station, includes soon-to-go-online facilities that are part of the Schuylkill Yards, uCity Square, and nearby Pennovation Works projects. Add to that core biotech developments in Philadelphia proper at the Navy Yard, Old City, and the Curtis Center and farther-afield projects like the Center for Breakthrough Medicines in King of Prussia and the Pennsylvania Biotechnology Center in Doylestown (Bucks County) and it equals a vibrant, but competitive, life sciences sector.
“So I really see our strength as being regional, as opposed to Philadelphia-centric. And I think we’re all going to do well together,” Sam Woods Thomas, the director of life sciences and biotechnology for the City of Philadelphia, is quoted as saying. “Philadelphia is certainly the reason why all these companies are coming here, but to have these auxiliary locations — that can only help us, and our existence can only help them.”
With so much new space coming onto the market in 2021, lining up the required moving specialists who have access to both the staff and equipment to handle the relocation of expensive lab apparatus, live specimens and all the assorted supporting material will be its own headache.
Pulling off a successful lab move takes months of careful planning. But with Business Move Solutions handling so much of that drudge work — not to mention the day-of physical move and the cleaning, renovation, or repair of the property you’re exiting — it does not have to be an odious journey. We’ve done this many times before for our clients and understand the process.
We can work with your original equipment manufacturers (OEM) to prepare for moving and calibrating your most vital lab equipment, arrange all the logistics for safely transporting chemicals and live samples, prep your new lab before the move, fully decommission your old lab after the move, and handle all the necessary paperwork related to decontamination. At the center of our work is a track record of getting labs back to work in a 24-to-48 hour turnaround window.
If you’re about to play the Philadelphia version of biotech-lab musical chairs, let us help make sure you’re not left standing when the music stops.