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BIOTECH SPACE FOR RENT MONTREAL LAVAL SOUTH-SHORE OF MONTREAL |
| Henri Cousineau, Chartered Real Estate Broker |
| Montreal ranked as North America's lowest-cost location for a biomed lab. | ||||||||||||||||||||||||
| North American Operating Costs Vary by Up to 50% by Site. And that scenario has prompted many biotech firms to take a sharp-eyed look at the costs of where they are renting space. A report was just released comparing costs of renting space for biomedical labs in 48 North American locations And there are considerable bottom-line disparities in different locations, the study reports. The cost of renting space and operating expenditures, in fact, can be 50 percent higher in some locales, The study details annual costs that range from a high of US$12.1 million in San Jose, Calif., to a low of about $8 million in Montreal. That broad cost range comes from an analysis that focused on what the study called "geographically variable factors," including salaries and benefits, utility bills, rates for renting biotech space, and corporate travel costs. 10 Lowest-Cost for renting space in Biomed Locations
Labor the Biggest Cost Component: Unsurprisingly, labor costs (including fringe benefits) were the biggest expenditure detailed in the study. (The study omitted labor costs for "executive management staff . . . as these costs would tend not to vary as significantly by geography, but rather by individual company compensation practices.") Labor expenditures were highest in San Francisco, at $6.2 million year, while they were lowest in Montreal, at $4.7 million a year. Canadian locations' labor-cost performance got a boost from the nation's health-care system, the study reported. |
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| For more information about renting space in biotech in the Greater Montreal area, just call 514.839.0608 | ||||||||||||||||||||||||
| Ask for your comparative grid of available space with pictures, floor plans and videos |
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