Medical Space
Trilogy Commercial Real Estate can help you find medical space that best suits your needs for lease or sale. We are local experts who know the medical office market extremely well and will represent all your interests to ensure the perfect location with the best terms and rates available.
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The difference between general office and medical office space in Phoenix might be minimal, but it is no less critical. Health-care professionals demand special space that meets unique needs. Trilogy Commercial Real Estate helps you navigate the Phoenix medical office market by utilizing its local market expertise to find the best space available. From analyzing an existing lease to handling lease negotiations on a new space, our insight and market contacts pave the way for a smooth transaction.
Considerations When Leasing Medical Space
In addition to the typical concerns involved in finding office space, the health-care professional should closely examine key items before signing a new lease. Issues like exclusivity and build-out are integral to the success of any health-care practice. Many considerations should be scrutinized. A few of those are as follows:
- Push for exclusivity. While it’s not always an option – especially in larger office buildings – many health-care professionals can and should ask a landlord for exclusivity during negotiations. In turn, a landlord cannot lease nearby space to a rival health-care practice within the same specialty during the lease term.
- Prioritize additional build-out allowance. Build-out expenses for medical offices typically run higher than those for general office use. Since the improvements would stay in place even after you exit a lease, it is beneficial to argue for a larger tenant build-out allowance.
- Don’t just look at rent. Options, lease length, maintenance fees, and repair responsibilities are just some of the concerns that should be negotiated.
- Make sure the space fits your needs. Many health-care professionals fall into the trap of leasing a space that doesn’t match their customer needs (i.e., inadequate waiting room space). Your layout should be functional both for the practice and its patients.
- Study your location needs. Proximity to patient base, hospitals, other doctors, and highway access, as well as building visibility, parking, and relationships with neighboring practices, all have an essential role to play in the future success of your business.
