Replies to post #224130 on Avid Bioservices Inc (CDMO)

[JJ1223]

when we leased a 60,000 sf space in a build-to-suit building several years back, we negotiated a 5 year lease with no rent for 1st 6 months, with a $100,000 build-out credit for interior configuration of offices, carpet, fixtures, etc.

Such concessions are very normal when leasing space, but depend heavily on market conditions and demand for space within the area in question. I am confident PPHM negotiated a good contract for the new Avid space.