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Major Lab Space Expansion in Montgomery County, Maryland

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Industry Observer with Retired

Major Lab Space Expansion in Montgomery County, Maryland

 

An additional 1.6 million square feet of lab space in Montgomery County is in development, according to the county’s economic development agency.

The space will be an addition to the 10.6 million square feet of existing lab space in the county, according to a press release from the Montgomery County Economic Development Corporation (MCEDC).

The MCEDC said a number of companies based in Montgomery County have been developing COVID-19 vaccines during the pandemic, including Novavax, Qiagen, Altimmune and Emmes. About $8 billion was invested in life science companies within the county last year for research on COVID-19.

The economic development agency cites the presence of a “highly educated workforce,” competitive rents and the presence of federal agencies such as the National Institutes of Heath as factors for why life science companies are attracted to the county. Bethesda Magazine. Click on the link for details on the projects.

 

 

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Orchids, Longwood Gardens, Kennett Square, PA USA IMG 2754
Canon PowerShot G11 Camera, f4.5, 1/125 sec., ISO-100, 25 mm, No Flash
Photograph by Roy Kelley
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Roy Kelley, Retired, Former Associate Broker, RE/MAX Realty Group

Gaithersburg, Maryland  

Comments (15)
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Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hello Roy - that seems like a substantial space increase to me.  

Jul 13, 2021 03:04 AM
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Condo and Home Specialists

An important place to expand Roy. Always welcoming to learn what's going on in Montgomery County.

Jul 13, 2021 04:04 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Good morning, Roy... this lab space expansion can only mean good things for Montgomery County and its residents.

Jul 13, 2021 04:25 AM
Bill Salvatore - East Valley
Arizona Elite Properties - Chandler, AZ
Realtor - 602-999-0952 / em: golfArizona@cox.net

Roy,

Great post, and we must never stop growing our labs and science reserch. Enjoy your Tuesday and dont forget about the tacos.  Bill Salvatore 

Jul 13, 2021 04:59 AM
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Roy. A big boost to your economy by forward thinkers. Enjoy your day.

Jul 13, 2021 05:18 AM
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

That is quite a lot of space, I wonder if the future will be tearing down neighborhoods and building hospitals for everyone to live in while they get pumped full of drugs to keep them alive, haha.

Jul 13, 2021 05:38 AM
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Roy,

This is wonderful news for the community, more jobs and a thriving economy.  A

Jul 13, 2021 06:23 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Roy, guess with COVID, and other diseases around the corner, it is good to expand labs.

Jul 13, 2021 07:00 AM
Rocky Dickerson
Realty One Group - Las Vegas, NV
Superior Service!

Good morning and WOW Roy. Over 8 billion was spent in your county in the last year in lab research? WOW!

Jul 13, 2021 08:05 AM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Hi Roy - lots of vacant space out there so it is good news that some of it is being used.

Jul 13, 2021 09:03 AM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

"The highly educated workforce" is sure to benefit the economy of Montgomery County, Roy.

Jul 14, 2021 01:29 AM
Roy Kelley
Retired - Gaithersburg, MD

Thank you very much for your comments. It is always good to hear from you.

Jul 14, 2021 04:32 AM
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