2. Lack of lease flexibility is stifling your growth
Constant evolution is a hallmark of the life sciences sector. An unforeseen research breakthrough, a sudden shift in market demand or the necessity to expand or downsize certain operations can all drastically alter your space requirements.
If your current leases lack flexibility, they are actively holding you back. Rigid leases often translate into wasted spending on underutilised space or hefty early termination fees. All of this will affect your budget and limit your ability to source adaptable solutions for your evolving business needs.
Ultimately, this lack of agility becomes a bottleneck, making strategic portfolio planning and rapid response to market shifts incredibly challenging.
A well-managed portfolio includes leases with carefully negotiated options for expansion, contraction and early termination. These crucial provisions allow your real estate to adapt and evolve with your company.