The pandemic crippled the global economy and movement last year. Although we are now in the recovery phase, the implications are becoming increasingly apparent. The gravity of impact has affected every sector either directly or indirectly.

However, one of the most curious implications of the pandemic on commercial real estate involves the sudden rise in demand for Biotech commercial real estate. While Biotech has always been a notable member of the commercial real estate family, it has rarely garnered heavy interest as commercial real estate investment.

Before exploring the reasons behind this change, let’s understand Biotech commercial real estate.

What Is Biotech Commercial Real Estate?

Biotech commercial real estate refers to specialized facilities with a laboratory and the necessary setup for conducting research and trials. Like all types of commercial real estate, Biotech also comes in several sizes to accommodate both small-scale businesses and larger enterprises.

Why Has it Suddenly Become Relevant?

The reason for Biotech commercial real estate’s sudden popularity is the rising focus on life sciences. Due to the lasting impact of the Covid-19 pandemic, businesses and governments alike are funding more research to ensure they are well prepared for any future spreads of similar infections.

Given this recent interest, now is the perfect time to invest in Biotech commercial real estate as more and more organizations expand their research operations to make further discoveries.

Commercial Real Estate Investment Opportunity

You can buy or invest in three main types of commercial real estate to increase your profitability.

1. Multitenant Buildings

Multitenant buildings refer to commercial real estate that can accommodate more than one tenant. Each tenant usually has either entire floor space or part of it to operate in. If the entire building is designed for research purposes, each office will need to accommodate laboratory space that follows safety regulations.

2. Single Tenant Buildings

Single-tenant buildings only accommodate one tenant and have the laboratory facility suited for their needs. The size of the building can vary depending on the client’s affordability. The larger facilities are more expensive to invest in but also carry a higher ROI

3. Co-Working Labs

Co-working labs are meant for small-scale experimentation or for small businesses that cannot afford to rent proper facilities. Incubators feature either a shared research space, each party getting their bench to work on, or multiple small private research spaces for businesses.

Their main goal is to offer cost-effective solutions for tenants.

You have the opportunity to make commercial real estate investments in either one or more of the facilities mentioned above, based on your preference.

Wrapping Up

In short, the rising interest in life sciences is driving the demand for Biotech commercial real estate, making it a lucrative investment opportunity. If you want to invest in a Biotech facility, don’t hesitate to contact our teams. CHRE has been in the commercial real estate business in Rio Grande Valley for years, and we will find the best solutions for you.