Healthcare Real Estate On The Up

We found a great article if you are looking into finding out the effects of healthcare on healthcare real estate. An article from City Biz Real Estate, "JLL: New Signs of Life in Healthcare Real Estate," has tons of great information on ​​the future of healthcare real estate. An interesting fact the article points out is that with the addition of new people on healthcare, 64 million more square feet of medical office space will be added.

How The Medical Real Estate Has Changed

“Trends in healthcare real estate” is an article in the Chicagoland Office & Commercial Real Estate Magazine. Author Mark Johnson writes about the “BOMA Medical Office Building and Healthcare Facility conference in 2002 and how the medical office space market has changed. Also, the BOMA 2011 Conference will be held May 4-6 in Dallas, Texas. To read this article click here.

How Does This EMR Make Me Look?

We have done a lot of blogging on EMR's and maybe some have been more interesting to you than others, however this EMR article has to do increasing your marketability so you should be all ears. An article by Daniel Casciato from MedicalOfficeToday.com, "Does EMR Make Your Practice More Marketable?" explains that having EMR's in your medical office space will increase the perception that you have a better practice. To learn more about how EMR's can help your practice in terms of marketing, click here.

New Medical Office Building

According to an article from ChicagoRealEstateDaily.com, Rendina Cos. is planning on building a 47,159-square-foot medical office building in New Lennox, a suburb of Chicago. The plans for the Provena Medical Arts Pavilion call for a $6 million budget and will be run by Provena Health. To take a look at the article, click here.

PROFESSIONAL/MEDICAL OFFICE - CHICAGO, IL

Medical office space for lease at 7000 W. North Avenue Chicago, Illinois 60707

Quick Notes:
• New Owner — New Upgrades — Rebuilt in 2005
• Beautifully Built Out Medical Suites Available
• Varied Configurations Some with Jacuzzi and Shower
• Ask Us About Rent Concession During Build Out Period
Learn more here.

WOODLAND TRAILS MEDICAL CENTER FOR PRE-LEASE

Medical office space for pre-lease at Woodland Trails Vernon Hills, IL 60061 (Lots 1-4)

Quick Notes:
• Three Single Story Medical Office Buildings
• Building One – 20,000SF Available for Pre-Leasing
• Delivery Fall 2011
• Rental Rates $28.50 Gross
Learn more here.

RAVENSWOOD PROFESSIONAL BUILDING - FOR LEASE

Medical office space for lease at 1945 W. Wilson Avenue Chicago, IL 60640

Quick Notes:
• Suites Built Out for Medical/Dental
• Less than 2 Miles from Weiss Memorial & Swedish Covenant Hospitals
• $25/RSF Modified Gross
• $30/RSF (1st Floor)
Learn more here.

ST. ALEXIUS MEDICAL CAMPUS - FOR SALE OR LEASE - HOFFMAN ESTATES

Medical office space for sale or lease at 1585 Barrington Road, Suite 601, Hoffman Estates, Illinois

Quick Notes:
• Large, Open Reception/Waiting Room
• 4 Exam Rooms with Sinks
• 4 Doctors’ Offices
• For Sale $629,000 ($227.57/SF)
Learn more here.

TWO NEW MEDICAL OFFICE BUILDINGS - FOR LEASE - BOLINGBROOK, IL

Medical office space for lease at 550-564 & 570-578 West Boughton Road Bolingbrook, IL
60440

Quick Notes:
• Two New Medical Office Buildings
• Excellent Exposure on Busy West Boughton Road
• Near Adventist Bolingbrook Hospital & Edward Hospital
• $22- $25/SF for Shell – Will Build Out to Suit
Learn more here.

NEW TRIER MEDICAL CENTER - FOR LEASE

Medical office space for lease at 511 Lincoln Avenue, Winnetka, IL 60093

Quick Notes:
• Newly Renovated Medical Center – Available Fall 2011
• Heart of the North Shore – Highly Desirable Downtown Winnetka
• Abundant Parking
• 34,000 Commuter Views Everyday
Learn more here.

PROFESSIONAL/MEDICAL OFFICE - HINSDALE, IL

Medical office space for lease at 500 East Ogden Avenue Hinsdale, Illinois 60521

Quick Notes:
• 8,579 RSF Available – 2nd Floor – Divisible
• Currently Built Out for Half Medical, Half Office
• Immediately West of Interstate 294
(Tri-State Tollway)
Learn more here.

Test before you buy Medical Office Space

It could be disastrous if you bought a medical office without running a test to see if the space would adequately fit your needs for that particular space. This article gives you ​reasons for why the test will be so important and how to avoid costly situations. To see these tips and tricks click here.

Purchase or Lease, That Is The Question

This article focuses on whether you should lease or buy your medical office space. It gives some benefits to each side, and concludes the article with some important terminology and tips. To read the article, click here.

The Medical Field Will Never Die

Within the real estate industry, one niche continues to holds strong: medical office buildings and hospitals. One reason is because people will always need medical attention and that doesn’t coincide with the country’s economy. For more information, click here.

Medical Office Space Constantly Expanding

There is a continued growth in medical office space because over the next two years 32 million Americans will receive health care. Also, there will be growth in medical buildings coinciding with baby boomers growing older. To read the full article, click here.

Medical Real Estate's Future Keeps Looking Promising

This article addresses four trends in medical real estate. The trends are that the REITs are back, properties are worth more money since the capitalization rates are down, and Obama's expanded healthcare policy creates medical real estate in high demand. The last trend is that the medical field has mostly been left unharmed from the recession comparatively to the other industries, which makes the growing medical field be able to move into other empty spaces. For more information click here.

Budgeting Has its Importance in the Medical World Too

After you're done saving lives all day, remember, you still have to worry about budgeting for upgrades in your medical office space. Budgeting for you medical office space upgrades can be a tough job, but luckily there is help out there, starting with an article from MedicalOfficeToday.com. Daniel Casciato wrote, "Creating a budget for medical office upgrades" ​where he discussed some budgeting upgrade issues with a CPA. One recommendation from the article is, "Creating a basic budget template" ​because an upgrade may turn into something more expensive than you once thought if no mission is actually written. To read about more about budgeting during a medical office space upgrade​, click here.

Remodeling Medical Office Space

If you are in an office space long enough, the time will come when you have to either move out or do some remodeling. However, this doesn't mean you will have to close your medical office space during this time. Carrie Rossenfeld from MedicalOfficeToday.com wrote an article, "5 Tips for Remaining Open During a Remodel​," that has great advice for any physician thinking about remodeling his or her medical office space. One tip from the article is to, "Plan for all possible disruptions to patients and staff." To learn how to implement this tip as well as the 4 other tips, click here.

Technology Every Office Needs

It seems with every passing day there is new technology out in the medical world. With all this new technology, it's important to know what is the the most vital to a medical office building. Daniel Casciato from MedicalOfficeToday.com wrote an article, "5 Essential Technologies for Your Medical Office," that explains what technologies he believes are most important for a medical office. One technology that Mr. Casciato focused on is Remote Monitoring Devices. He says, "The capacity to perform remote monitoring of your patients will help manage risks and costs." To read about the other 4 technologies and their importance, click here.

Relocation Doesn't Have to be Bad

Moving to a new office space can be extremely frustrating, but luckily there is an article with 8 great tips that can make the move easier. Carrie Rosenfeld from MedicalOfficeToday.com wrote an article, "8 Tips for a Pain-Free Relocation," that any doctor moving should take a look at. One tip that really stood out to us was, "Hire a moving company that is experienced in medical office moves." To take a look at why this is important and the other 7 tips, click here.