Appeal for Office Medical Space is Up

Is the need for medical office space recession proof? David Scherer, vice president of Grubb & Ellis thinks so because people will always need to go to the doctor whether or not the economy is in a recession. An article by Tony Illia, "Medical-space demand strong in weak office market" from the Las Vegas Business Press, explains how even in the poor economy office medical space is still needed. This is a great article for both investors and physicians interested in medical office real estate.

Health Reform and Medical Office Investors

Now that health care reform laws have been passed, more and more people will be insured. Of course, this will lead to more people going to see physicians, and is believed to ultimately lead to more medical office space having to be built. Denise Kalette from National Real Estate Investor wrote an article, "Medical Office Investors Mobilize as Health Reform Becomes Law, explains how one investing company, National Standard Finance, is choosing to invest in medical real estate.

Medical Office Condo May Suit You

For some physicians, choosing to purchase a medical office condo is a great option, especially because it means they get to own their space. An article from MedicalOfficeToday.com, "Buying a Medical Office Condo" by Sibley Fleming, explains the benefits of owning a medical office condo. The article even includes "Tips for new buyers" for all the physicians thinking about purchasing a medical office condo. Anyone interested in a medical office condo should take a look at this article, here.

Preparing Medical Office Space for Sale

When selling medical office space there are some steps physicians should take in order to make their office space look better for a potential buyer. The following article from American Medical News, "Selling your practice? Here's how to prep it" by Victoria Stagg Elliott, gives 5 steps for physicians to follow if they're trying to sell their medical office space. The first of her five steps is "organize the money." For the rest of the steps (descriptions included) check out the article, here.

Legal Issues in Medical Real Estate

In any type of real estate, there are going to be legal issues surrounding the case. In medical real estate, it is vital to have knowledge of all these issues. An article from the Colorado Real Estate Journal, "Medical Office Leasing," by Jonathan A. Goodman does a great job of explaining some of the legal issues in the world of medical real estate.

Things to Know in Medical Real Estate

This Orlando Medical News article highlights ten areas of interest doctors may consider when selecting an office space. A few of the ten factors highlighted in the text are: affordability, accessibility, shell space vs. used space, geographic location, and exclusivity. For detailed information on the 10 factors, check out the rest of this article.

Look Before You Sign

This article, "Review Medical Office Lease Before Signing", discusses some common provisions found in medical office lease agreements between landlords and physicians. The article urges physicians looking to sign a lease to read the contract carefully, and suggest alterations to provisions if need be. Overall, the article warns against contract language that can lead to a misunderstanding or may permit the physician to be overcharge.