Medical Office Space Request
A medical lease means more than simply acquiring the space for your medical practice. In fact, for most medical professionals, real estate represents the second-largest expense after personnel.
Whether you have one location or several, you need to understand cost, stability and flexibility. Medical lease contracts must be properly administered, periodically audited and systematically managed to ensure they support your business strategy.
Because medical office space users and physician practices don’t typically relocate to new buildings as often as general office tenants, they are not in the market as often. It’s also interesting to note that competition for new patients is on the increase and directing doctor practices to non-hospital campus properties for convenient access locations.
Here are some valid medical lease considerations before you make the decision to do it on your own or seek the expertise of tenant representatives who live and breathe this stuff.
- Use Issues
- After Hours Access
- Compliance with the American disabilities ACT (ADA)
- Landlord Inspection and Privacy
- Anti-kickback issues
- exclusivity provisions
- death and disability clause
- tenant improvements
If your tenant representative has access to these resources you are one step ahead.
The advantage of working with a professional medical tenant representative who knows medical real estate is multi-fold. They can help you assess how long-term factors will affect your current lease scenario. They can bridge the gap between you and the landlord to help retain flexibility with your lease terms. And they know where to look for the best medical lease properties, often before they’re even on the market.
So when it comes time to take on or renew a medical lease are you confident that you understand all of the moving parts well enough to make cogent decisions?
Talk to our knowledgeable agents about your medical space request. Health-Pro Realty Group specializes in finding office space for medical and dental practices.