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
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.
ReplyDeleteشقق للإيجار جدة
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
ReplyDeleteJeffrey T. Angley, P.C.
It was a great experience visiting here. The information was worth and sets me thinking!I think you are right. One must look upon his own marketing strategies in real estate field.So it is also helpful for the doctors to invest in real estate to have profit quickly
ReplyDeleteT Coleman Andrews III
Thanks for a wonderful post! It has been a great change of pace for me as i am always on the lookout for a whole new perspective on different subjects. Keep up with your hard work and dedication.
ReplyDeleteRES
I found you’re blog via Google and I have to say. A Huge Thank you very much, I believed your post was extremely enlightening I will revisit to see what additional great information I can recieve here.
ReplyDeleteRolling hills Estates real estate inspection
Just came across your blog and found out the sought information, this way your blog is very informative and helpful for me.
ReplyDeleteBrian Linnekens | Brian Linnekens USA
ReplyDeleteI should also say that I like being a consultant. I do not wish to take over the hospitalist or pcp role.
ALOKA UST-9124