3 Reasons to Lease Medical Office Space vs. Buy

Buy or Lease Medical Office Space DecsionMany practices own their office space, but it’s surprisingly common for them to choose rental or leasing options instead. Here are a few of the top reasons to look for to lease medical office space instead of buying it outright:

  1. There’s no need for a substantial down payment. Even for established practices, the need for a big down payment can be a deal-killer. This is especially true in cities, where office space is at a premium. By renting, you can get into areas that would otherwise be unaffordable.
  2. Medical office buildings have the basic infrastructure you need. When you buy a building, you will usually end up having to make substantial upgrades and customizations before it’s ready for you to move your practice to the new location. The same is true if you lease generic office space. Medical buildings, on the other hand, usually have things like upgraded electrical systems already in place.
  3. Renting allows access to office space in areas that are already fully built out. In large cities, it can be impossible to find a location to buy. This is especially true if you want to be downtown or in another busy area. By renting, you can obtain space in a high-rise or dedicated medical center that simply wouldn’t be available any other way.

These are just three of the reasons that choosing to lease medical office space can be the perfect solution for your practice. Patient preference is another big factor to keep in mind. Many people prefer to go to doctors who are in medical centers because it is convenient to do so. Someone who needs to see more than one type of doctor will be glad to have them all in one place. Medical centers also give a solid impression that is hard to match with a standalone building.

To find the latest openings for medical office space, just contact us. We’ll be glad to help you find the properties that best meet your needs.

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