Welcome to the official blog of Block Real Estate Services, LLC (BRES). BRES seeks to offer insight and news concerning commercial real estate, financial investments, construction and development of the 212 communities we serve locally and nationally.

Tuesday, March 6, 2012

Real Estate Tips For Doctors

When choosing which space is best for their practice, physicians and dentists can have unique requests. Compared to general office tenants, they are oftentimes more specific in where they want to be, based upon factors such as proximity to a hospital, demographics, distance from competitors, and co-tenancy.  Doctors also have higher finish-out costs due to extensive plumbing, millwork, and equipment; in many cases, they require 50-100% additional expense.

On account of being more particular on location and the greater investment, as well as that they are relatively stable in size, medical office users tend to make longer commitments and consequently are “in the market” less.  Something else that is important to this group is accessibility – in terms of travel time, being found, visitor parking, and ease into and out of the building.


Other special considerations for this segment include:

  • Renewal options
  • A use definition that is not too limiting
  • Exclusivity against like providers
  • Property compliance with the Americans with Disabilities Act
  • Extraordinary utility or waste needs
  • Assignment flexibility
  • Relocation protection
  • Surrender/restoration conditions
  • Termination by reason of death or disability
  • Unnecessary personal guarantees

A dedicated Tenant Representative can diagnose ways for your real estate agreements to effectively contribute to the health of your business, so you can focus on treating your patients.

Contributing Author:



Ryan O'Rourke
Vice President
Block Real Estate Services
LinkedIn

8 comments:

  1. Real estate is very popular business for everyone and doctors can also invest in this sector to earn money quickly. This given information is nice for property investment.

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  2. Real estate property is one of the best option for financial investment and also better than other all options. Because, it provides very large amount profit making opportunities for future.So it is also helpful for the doctors to invest in real estate to have profit quickly


    Jeffrey T. Angley, P.C.

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  8. I should also say that I like being a consultant. I do not wish to take over the hospitalist or pcp role.
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