Life Sciences Fit Out Costs: Insights for 2026
The 2026 U.S. Life Sciences Fit Out Cost Guide External Link provides a comprehensive analysis of fit out costs across nine lab subtypes in six major U.S. markets. With detailed cost breakdowns and market insights, this guide is an essential resource for capital planning and budgeting in the life sciences sector.
KEY TAKEAWAYS:
Construction costs are evolving.
Fit out costs average $741 psf, reflecting a 2.9% YOY decrease due to lower fuel costs and competitive contractor bids.
Labor costs remain high.
Persistent labor shortages and immigration policies continue to drive up skilled labor expenses, with wages rising 4%-5% YOY.
Pockets of activity persist.
While overall construction has slowed, pharmaceutical manufacturing expansions and renovations of aging facilities are driving localized growth.
Leasing activity is rebounding.
New leasing activity is up 31% since early 2024, signaling absorption of newly vacant spaces.
