SOURCE: Industrial Info Resources

Industrial Info Resources

April 17, 2013 06:00 ET

Life Science Laboratory Construction Conundrum: Build New vs. Renovate, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwired - Apr 17, 2013) - Researched by Industrial Info Resources (Sugar Land, Texas) -- According to Industrial Info's Pharmaceutical Tracker - Online Database, there are approximately $3 billion in laboratory-related construction starts in the second quarter of this year. Approximately $2.5 billion is slated for new construction and $500 million for renovation. While new construction is clearly the leader in life science construction, companies and institutions must still ponder the economics and benefits of renovating current space or building new laboratory space from scratch.

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