It’s a question practically every medical practice grapples with from the outset – should we buy or lease our medical office space? While ownership may have some advantages, the benefits of leasing more often outweigh the expense and liability of buying medical office space, and here’s why: There are fewer upfront costs. If you purchase
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Negotiate Your Medical Office Space Lease in 5 Easy Steps
So, you’ve found the ideal location for your new medical office— congratulations! However, before you decide to lease the property, there are certain preliminary measures you need to take to ensure you clinch the best deal possible. Here are five simple steps that you can use to negotiate your medical office space lease and execute
Read MoreMedical Office Space: Buying vs. Leasing
Choosing the right location for your medical practice is important, but so is the choice of whether to buy or rent an office space. Depending on your specific needs and business objectives, there are advantages and potential disadvantages to both options. For example, buying a building or office space can help you build your wealth,
Read MoreUnderstanding the Benefits of Renting a Shared Medical Office Space
There’s no denying that searching for a medical office space can be challenging. You will have to do you due diligence, weigh your options, and consider various factors, such as patient accessibility and overall cost. Have you ever thought of renting a shared medical office space? Let’s delve into this alternative. Why You Should Invest
Read MoreHow to Arrange for Medical Office Space
Whether you are looking to establish a new medical practice or planning to move an existing practice to another location, there are a lot of items on your “to-do” checklist that need your due diligence before you sign a new lease. First and foremost, the space you are considering must be as convenient for your
Read MoreThe Process of Finding and Leasing Anchor-Tenant Medical Space
When searching for an office space for your medical practice, you will no doubt take certain factors into consideration – location, accessibility, pricing, amenities, potential foot traffic, and more. All of these are central to the success of your practice. However, before you decide on a particular location and sign a lease, you should also
Read MoreDetails and Guide on How to Use Contiguous Spaces
In previous blogs, we’ve discussed the advantages of using contiguous office space for your medical practice. Now, let’s focus on some of the finer details of how you can best use contiguous space for your medical practice. Contiguous space is defined as leasing multiple suites on the same floor of a building. It also refers
Read MoreNew Medical Building: Things You Need to Know
If you are looking to move your medical practice into a new building, there are certain details you should know before you sign a lease. Like any endeavor, setting up your practice in a newly constructed facility does require forethought and due diligence. The aesthetics of a newly built establishment may make a great first
Read MoreWhat Are the Advantages of Flexible Office Space?
Looking to lease medical office space, but concerned about overhead costs? Perhaps you should consider flexible office space. But what, you may ask, is a flexible office space? Also known as flexispace, flexible office space is a blanket term to refer to a variety of office solutions that include coworking spaces, on-demand meeting rooms, and
Read MoreGet to Know Contiguous Space
A medical practice is more than just a place where patients meet with their doctors for examination and treatment in a private room. It is a multifunctional office space, where patients are checked in, where their confidential medical records are securely stored, and, in some cases, where bloodwork and other diagnostic tests are conducted and
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