Medical Office Development Trends: Slowing New Construction and Repurposing Retail and Office Spaces
The medical office development landscape is shifting as new construction starts to slow down while renovations and repurposing existing retail and office spaces pick up steam. High construction costs and limited availability of buildable land have made new ground-up projects less feasible, leading developers to find creative solutions to expand healthcare access. New Construction Slowing […]
Negotiating Your Medical Office Lease Renewal
It’s that time again – your medical office lease is coming up for renewal. As a healthcare provider, you know that your office space is critical to your practice. The location, layout, and condition of your office impact your patients, staff, and bottom line. When renewal time approaches, you have leverage to potentially improve your […]
Strategies for Enhancing Value in Healthcare Real Estate Investments
The healthcare real estate sector has seen growing interest from investors in recent years, driven by favorable demographic trends like the aging population as well as the continued shift towards outpatient and ambulatory care settings. However, effectively navigating this complex sector requires an in-depth understanding of key healthcare market trends influencing facility needs and targeted […]
Give Your Business a Checkup: Why a Commercial Lease Audit Matters
As a business owner in the medical field, you want to fully understand your financial and legal commitments, especially when it comes to leasing medical facilities. Conducting a commercial lease audit is one of the best ways to gain this understanding. It provides total clarity into your contractual relationship with your landlord, ensuring that your […]
Why You May Not Want to Accept a Medical Real Estate AIA “As Is”
When looking to purchase or lease commercial real estate for healthcare services, you may encounter an AIA or “As Is Agreement.” AIAs are commonly used in medical real estate deals to release the seller from liability for any defects or issues with the property being sold or leased. However, there are some important reasons why […]
Comparing Leasing vs. Buying Your Medical Office Building
Purchasing or leasing medical office space is a major decision for any medical practice. There are pros and cons to both options that medical professionals must weigh carefully based on their unique needs and situation. Here are some of the top reasons to consider leasing versus buying a medical office building in today’s market. Why […]
Healthcare Real Estate Investing in an Inflationary Climate
With inflation in the United States reaching a 40-year high in 2022, its impacts are being felt across sectors. For real estate investors, rapidly rising property prices and borrowing costs present new variables to weigh. Healthcare real estate specifically faces unique challenges as inflation drives up development expenses and squeezes provider margins. However, demographic trends […]
How To Maximize Tenant Improvements in Healthcare Real Estate Leases
The healthcare real estate sector is a unique and complex industry, requiring a nuanced understanding of the specific needs of medical professionals. One of the most critical aspects of healthcare real estate leases is the concept of Tenant Improvements (TIs). These are alterations to a rental property to customize the space to the tenant’s needs. […]
The Future Affordability of Medical Properties: A Comprehensive Outlook
The future of medical property affordability is a complex topic, shrouded in a myriad of variables that intertwine the realms of real estate, healthcare, and economics. As we delve into this intricate subject, we must consider several key factors that could potentially shape the landscape of medical property affordability in the years to come. Demand […]
A Comprehensive Guide: Selecting the Ideal Real Estate for Your Medical Practice
Securing the right real estate for your medical practice can significantly influence its operational efficiency, patient satisfaction, and overall success. This comprehensive guide will explore crucial considerations you should prioritize in your hunt for the ideal medical practice property. Location: More Than a Mere Address The location of your medical practice goes beyond a simple […]