What The Current Medical Real Estate Market Means For You

Due to the current state of the economy as well as the recent developments in health care reform

, physicians are finding it harder and harder to open up private practices while managing to at least break even when it comes to their budgets. With Medicare and Medicaid reimbursement amounts diminishing and with the Affordable Care Act making it near impossible to open new physician-owned hospitals or to even expand existing physician-owned hospitals, many doctors are discovering that setting up shop in commercial real estate areas versus medical plazas or medical centers is much more lucrative in this day and age.

The good news about this emerging trend is that commercial real estate property owners have also developed their own trend of encouraging unconventional commercial businesses, such as participants in the health care industry, to locate their practices to commercial retail locations. This is due to the fact that commercial real estate property owners have not been immune to the effects of the recent economy. With the commercial real estate market at a relatively low point and with less and less banks deciding to take the risk of loaning money to mom-and-pop type of commercial businesses, property owners have been noticing that it is actually quite beneficial to have professionals such as medical doctors running their businesses out of their commercial buildings.

There are several things you should keep in mind while researching a potential commercial medical space for lease in Los Angeles. Like any other venture into commercial real estate, one of the main things you must do while browsing potential medical offices in commercial areas is to evaluate the location. Although there are many innate advantages to running a medical office out of a commercial retail center, such as ample available parking in close proximity to the center or ease-of-access to various public transportation methods, you should still look at how far away the center is from your target patient demographic as well as whether or not the commercial retail center gets a consistently high volume of patrons browsing their shops.

Another important thing to consider while determining where you want your Los Angeles medical office to be is something known as a tenant improvement package. For most medical practices, simply renting or leasing a space to provide medical service in is the first, easy step. The next step, actually making the space functional, is the hard part. These days, a lot of commercial real estate property owners understand that this facet is incredibly important for their potential medical tenants, so many have included a tenant improvement package section to their rental/lease agreements.

These packages almost always include an agreement by the property owner that he or she will help contribute towards the medical tenants goal of creating a functional environment with which to run an efficient and cost-effective practice out of. These property owners will most likely make sure that their medical tenants have sufficient plumbing and electrical capacities as well as stringent safety measures.

by: medicalspacelease

POST COMMENT

How To Finance A Medical Practice That Is Growing Too Satisfactory Quality Transport Services Of Arizona: Non-emergency Medical Transportation Service When You Need It Medical Terminology Class How To Learn Basic Medical Terminology How To Pick The Finest Medical Billing Company Get Best Advice From Medical Professionals For Cancer Treatment Medical Clinic: What To Find Out Before You Go Medical Assistant Training - Preparing You For What All It Takes To Become A Certified Ma. Medical Abortion Procedure Top Information On Medical Transcription Maintaining Temperature For Medical Storage Medical Treatment For Anxiety The Nursing Care Recovery - A Scheme To Reimburse The Medical Loss Five Ways Of Selecting Medical Transcription Agencies