Where Are We At Today?

The article by Stephen M. Doyle from the McShane Development Company, "New Pulse of Healthcare Development," has some great information from National Realty Network's own Patrice Marks. In the article she speaks about how more physicians are looking to share their space with other practices or are thinking about the choice of using a timeshare. The article covers things from "leasing strategies" to "timeshare options" and much more. To check out this great source for anyone involved in the medical real estate field, click here and download the PDF.

Keep the Office Clean

Think about all the people that go through your medical office on a given day. Now think about how many of them sit in your lobby while they wait for their appointment. It's a lot, right? With all of these people coming in and out of your office the furniture may get damaged over time and should be replaced. An article from MedicalOfficeToday.com, "New Year, Fresh Start Inspecting you office for wear and tear," can give you some advice on how to keep your medical office space not only looking good, but also clean for your patient​s. If you're looking into finding some help on who could conduct an inspection the article says, "For most inspections, an office manager can easily do the job. If you are leasing your space from a hospital or a large property management company, Earley says to ask for an environmental services manager or facilities manager to thoroughly inspect your office." ​This article is a big help to all physicians who have their own medical office space. Read it in its entirety, here.

A Good Relationship

So you're all moved into your new medical office​ and everything is running smoothly. That means you don't need the landlord anymore, right? Wrong. It's important not to forget about your owner or landlord. ​According to the article, "Building a Strong Relationship with Your Landlord," by Jennifer Duell Popovec from MedicalOfficeToday.com, "Establishing a good relationship takes time and effort, but the payoff is worth it, according to both healthcare and real estate professionals." To read about why the relationship is so crucial, click here.

Another Fresh Look at Leasing vs. Purchasing Medical Office Space

As seen in the last blog, there are many benefits to both leasing and purchasing medical office space, but the research hasn’t stopped there. Join Christine Miller from M.D. News as she digs deep exploring different positives and negatives of leasing and purchasing medical office space. Read her article here to see which option may benefit you the most.

To Rent or To Purchase: Some Advice to Consider

To rent or to purchase. That is the question facing physicians, doctors, and other health care professionals. Initial costs and potential for growth must both be considered. Naturally, the most important factor in purchasing or leasing medical real estate is what you can afford. Read here for more information on Planning a New Medical Office, including how to best deal with a broker that best suits your unique situation.

MedScape Today: http://www.medscape.com/viewarticle/554115_2

New to Medical Real Estate?

A new physician or doctor entering an established practice has a lot to consider when it comes to real estate. Helping to make the process of leasing, partnering, and/or buying medical real estate is Jeffrey B. Sansweet, Esq of the Physicians News Digest:

"Buying in to medical practice real estate"

Medical Office? Lease Now!

Thinking about leasing a medical office? Victoria Elliott from American Medical News says now is the time to act. Due to the real estate downturn, many tenants are finding that less competition and more space means lower rates. If you currently rent, now may also be the time to renegotiate the terms of your lease. Plus, if you play your cards right, a few luxuries and perks might get thrown in.

Those of you with an eyebrow raised might be wondering what led the current climate of the medical real estate market. Skeptics need not worry, because the issue is fairly clear-cut: before the downturn, there was an abundance of real estate developed; now, rents are down and vacancies are up. This type of market means that owners of medical real estate may have to get creative to keep old tenants are lure new ones. Many landlords are offering incentives such as a few free months or golf club memberships. These perks avoid devaluation of the real estate and show the tenant that their business is important.

What does the future hold for the medical real estate market? Predictions are that the average price will continue to go down, at least in the immediate future. While 10.1 million square feet of medical office space are set to be completed by the end of 2009, that number should reduce by about 3 million in 2010.

American Hospital Review http://www.ama-assn.org/amednews/2009/12/14/bil21214.htm

Leasing Medical Office Space

Increasingly, medical professionals and investors are finding that leasing office space can be mutually beneficial. First, by opting out of ownership of the property, the physicians and staff are able to receive substantial captial in exchange. This money can be used for growth or improvements, while also paying off tenant fees. Second, the medical staff can choose to retain or forgo responsibilities such as utilities and maintenance, depending upon the type of lease. As for the investor, medical real estate presents a unique opportunity, as the healthcare sector remains largely immune to trying economic times. Hospital Review Magazine addresses the benefits and potential risks of such a scenario in an article entitled "Investing in Medical Office Net Lease Properties":

• Leases are tax deductible.
• Not tying up your cash and keeping more liquidity.
• Off balance sheet financing.
• Lower risk

For more from this article, visit

Becker's Hospital Review