Medical Space Houston

When we talk about medical space in Houston, 2009 research reports say:

There is currently 5.9 Million SF of Class A medical space, 12.0 Million SF of Class B medical space and 5.3 Million SF of Class C medical space

Absorption, New Supply & Vacancy: Positive net absorption reached 275,070 SF in the first half of 2009, far surpassing the small gain of 1,506 SF at this time last year. Healthy demand for medical office space pushed vacancy down 90 basis points to 13.8% in the second quarter of 2009.

Overall, vacancy for medical office space in Houston dropped to 13.8% from 14.7% one year ago, but those gains were not enough to affect the overall average quoted rental rate keeping it relatively unchanged at $22.74 per SF on a full service basis from this time last year.

Similarly, medical office space vacancy throughout Texas has ticked up 20 basis points over the past 12 months to 13.5%. As such, rents are forecasted to rise 0.8% in 2010 to $22.92 per SF on a full service basis. Comparatively, despite recently completed new construction, vacancy in Dallas/Fort Worth is down 20 basis points year over year at 14.2%, in line with DFWs historical average.

When it comes to medical office space in Houston Corporate Realty Advisors (CRA) is the best choice for helping clients to determine whether buying or leasing medical office space is the right choice for each client. CRAs experience and expertise related to real estate matters provides the client with information and assistance to make cost-effective long-term medical space decisions. In addition to helping clients negotiate the best possible terms when it comes to the financial aspect of each purchase or lease, CRA can assist with the specialized help you need in the design and construction of any interior architectural medical space with aspects such as:

Maximizing efficiencies related to floor plans/design for all medical specialties

Estimate interior improvement costs for budgeting

Assist in the review the construction drawings

In addition to the services CRA can assist with above, CRA also provides services like consulting, strategic planning, market research, lease administration, real estate auditing, financial analysis, tax incentive negotiation, and lease review.

by: Robin

POST COMMENT

Remedies Sought For Drug Addiction In The Choice Of The Rehab Centers Benefits of Medical Transcription Outsourcing Medical Billing and Collection Services for Physicians Medical Coding Specialists Tips To Cure Arthritis With Medicines Drug Intervention Can Be Helpful For Curing The Amateur Addicts Your Guide To Medical Party Favors Drug Detoxification in Rehab Center Medical Transcription Services: Orthopedics Cozaar Medicine and its usage Know More Varicose Veins Causes Before Seeking Medical Treatments Overcoming Drug Addiction : Explore The Treatment Options Medical bills on credit report - 3 killer tips to fighting Them for maximum results