When Twist Bioscience needed to expand its space in South San Francisco last year, it became the belle of the ball in a national lab leasing market starved of demand for more than a year.
The company was able to grow to nearly 94K SF at 681 Gateway Blvd., scoring several prime concessions along the way, including 15 months of abated rent, phased occupancy and a generous tenant improvement allowance in a package worth $30M.
It is also paying roughly $64 per SF, a discount from the $71-per-SF average in San Francisco.