Starting with the positive long-term demographic and economic trends, we believe
the life science industry's demand for high quality space will continue and create
new opportunities for BioMed Realty.
Life science organizations require excellent facilities with a mix of laboratory,
office and manufacturing space to support their research and development efforts.
Converting traditional office buildings into laboratory space is difficult, if not
cost prohibitive, because of the need for greater floor-to-ceiling clear heights
to accommodate unique HVAC and plumbing requirements, and greater load-bearing floors
to hold refrigerators and other heavy laboratory equipment. As a result, the traditional
commercial real estate community has historically underserved life science tenants.
We have unparalleled experience and skill in developing life science properties
with state-of-the-art laboratory and R&D space, traditional office space, and large
scale, controlled-environment manufacturing space in our markets.