Examining the Medical Office Sector

In this episode Mike Ball and Marc Hausmann, CCIM discuss the nuances involved with leasing medical office space.  Mike and Marc discuss post-covid trends and changes.  They get into detail about the different types of medical offices, amenities, and designs.  In addition, they explain the costs and challenges associated with moving or opening a new medical practice.  After this episode listeners will have a better understanding of lease rates, expected lease terms, and what different medical users may need for their specific practice.

Episode Notes:

Introduction to medical office (0:00)
The need for specialization in medical office (1:32)
Types of medical office space, amenities, & design (2:30)
Current medical office user trends post-pandemic (9:53)
Average medical office size and configuration (12:35)
Different classes of medical office and expected rates (17:48)
Costs associated with the relocation of a medical user, such as tenant improvements and insurance reimbursement (21:16)
Expected lease term for medical office (24:37)
Medical office site selection (26:44)