Medical Office Space is a network of over 800 commercial real estate professionals across the United States. Our members specialize in health related properties - our everyday business is servicing the unique needs of the medical community. We understand your needs better than any other group of real estate brokers. The reasons are simple
Medical
Office Space About - identifies medical related real estate that meets your
ideal requirements. We are dedicated not only to finding your ideal space,
but to locating that space within your time frame and budget.
Medical Office Space was established July 13th, 1992 in New York City. Our
goal then is the same as it is today - To help facilitate transactions involving
medical related commercial real estate.
Our organization recognizes the critical need for a better understanding
of the complexities involved with the Leasing or Acquisition of health care
related properties. Our members strive to become the best real estate professionals
in their geographical areas and Membership to the Medical Office Space Network
recognizes this accomplishment. Our Affiliates benefit from the combined
experience and knowledge of the entire organization. Monthly Property Updates
and New Letters are distributed along with details of the Medical-Office-Spacet recent medical
transactions that have occurred throughout the county to each of our members.
Our organization recognizes the power of knowledge and our members are eager
participants in acquiring this vast pool of reliable, current and straight
forward information.
The Medical Office Space network consists of over 800 medical real estate
professional representing over 4000 cities throughout North America. Our
brokers completed more health care related transactions in 2010 than any
other group of commercial real estate professionals in the United States.
Our Medical Office Space professionals average 13 years of industry experience,
making some of them the Medical-Office-Spacet qualified and sought after medical tenant representatives
in the America. Whether your requirements include Medical Office Buildings,
Physician Group Practice Clinics, Freestanding Rehabilitation Hospitals,
Healthcare Labortories, Biotech Research Facilities, Long-term Care Facilities,
Assisted Living Facilitie, Acute Care Hospitals or Retirement Living Communities
- Our Experts can help you locate that perfect property - Quickly and within
your budget. Understanding the needs of our customers makes our company truly unique!
Medical Office Space 100% Philosophy
| 100% SATISFACTION |
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We relentlessly
search for the perfect space until your are 100% satisfied |
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| 100% DEVOTION |
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We will
negotiate and secure the best lease terms possible, including landlord concessions
such as construction allowances, free rent and other additional services |
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| 100% CONFIDENTIAL |
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Your personal
and business information is held in the strictest confidence |
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| 100% TEAM
APPROACH |
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Medical
Office Space trained staff utilizes a team approach in order to accomplish
the tenants goals in an efficient and timely manner |
Our philosophy
is to understand your business requirements and personal tastes and translate
them into the ideal space. We will never suggest a deal that we would not
sign ourselves if we were your business partners.
The Long - Term Relationship
Medical Office Space is always available as your in-house real estate consultant
to advise your firm on all of its requirements, including
1. Negotiating Renewals
2. Expansion of space in your current building
3. Finding warehouse or back office space.
4. Reviewing current lease terms and answering questions
Medical Office Space Should
you Lease or Purchase your
First and foremost
you should compare the benefits of leasing versus buying from a cash standpoint,
as well as the more obvious needs standpoint, such as long term space
requirements and expansion possibilities. In the early years leasing a
office space may be better than a purchase from a cash flow perspective.
For startups there appear to be more benefits to leasing than buying.
Cash flow, of course an issue and buying takes a larger portion of your
cash upfront. Cash outlays associated with a lease may well be limited
to your security deposit, plus first rent payment.
Here are some other
benefits of leasing Medical Office Space:
" Your credit
rating will not be quite as critical for leasing as it would be for buying.
So, for startups, this might be a sticking point.
" Your monthly lease payment is tax deductible because it's a business
expense.
" The money you pay in renting Medical Office Space is deductible
depending on several factors, such as how long you have been in business,
how profitable your business has been and what portion of the rent relates
to land itself-rather than to buildings-a lease is likely to cut your
near-term tax bill when compared with a purchase.
" You may be free from paying for building maintenance-many leases
place the duty of maintaining the property on the landlord. Such maintenance
can include the things that are necessary to ensure the continued structural
soundness of the building housing the space, (such as roof repairs and
periodic maintenance of heating and cooling, electric, and plumbing equipment),
and those that go to the facility's ease of use and appearance (such as
snow shoveling of walkways and parking lots and cleaning of windows and
common hallways)
Here are some non-monetary
benefits of leasing Medical Office Space:
" Freedom to
sublet your space and move to another location if you find the need to.
You want to retain your mobility. Maybe you are not sure that the office
building housing you will serve your needs several years in the future.
You may need more or less space, your target market may have moved elsewhere,
or better suited office space may later be built.
" No hassle of selling before you can move to another location.
" No loss from owning your Medical Office Space in a bad real
estate market.
" No Assignment of personnel to oversee the space issues that the
owner should oversee.
Here are some benefits
of buying Medical Office Space:
" Interest on your mortgage loan is tax deductible
" You can take annual depreciation deductions on your taxes.
" You won't be facing increases in rent.
" You will benefit financially if the real estate market is good
when you sell.
" You may be able to lease out a portion of the building if you determine
you have excess space.
" You may make substantial changes to the building to accommodate
your business; those changes are owned by you and not your landlord.
" The hours of your business can be whatever you want them to be.
" You are free to stay in your same location as long as you
wish.
You should probably
do a cash flow analysis to see which option makes more sense from a cash
standpoint. Before you can do this, you have to have all the necessary
information for making your comparison.
" Full cost of purchasing
" Terms of the lease
" Depreciated value of the Office Space at the time you would want
to move
" Estimate of the spaces value at that time
" Estimates of maintenance costs
" Your tax rate
Medical Office Space Terminology
Useable Space: You need to familiarize yourself with the commercial real
estate terms. When you ask to see space of a certain size, the agent will
show you useable space. Useable space is just the space you actually physically
occupy. It does not include common areas such as the entrance hallway
into the building, rest rooms, closets, etc. The square footage for these
areas is indicated as a percentage of the usable space. If you add the
amount of square footage for the common areas to the useable space you
will get the rentable space which is what you will pay for.
Creeping Leases: You
will probably have an annual increase built in your lease right from the
start. This is called an escalation clause. Your landlord has to account
for inflation, increases in the market value, etc. This may be a fixed
increase, or a percentage base on the consumer price index. Make sure
to negotiate those points.
Read the fine Print:
Remember the lease was written with the landlord's interests in mind.