What is Medical Office Property?

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what is medical office property

A health care professional needs better features and amenities in their clinic than a typical office space provides. Medical office buildings, or MOBs, are office facilities designed specifically for health care practices, meaning they need elements or design principles intended to enhance patient outcomes and enhance the patient experience.

What is Medical Office Property?

Most doctors and health care practice owners want to lease medical office space that’s reflective of their branding and services. Warm, well-lit interiors and modern design elements offer an air of professionalism that many modern physicians demand. Most of today’s health care providers also want to steer beyond anything that appears or feels too “clinical” instead of seeking out medical offices that have comfortable waiting areas with kids’ playing areas, snack options, and similar perks.

Amenities of Medical Office Property

Many modern MOBs offer similar amenities. The likelihood is that you would like to line up your clinic or doctor’s office in a highly visible and only accessible neighbourhood.

  • Prominent signage is essential, and parking space is on the brink of your office’s main point of entry. Many health care providers find that patients desire open spaces, modern technologies, natural lighting, and color schemes known to scale back stress and anxiety.

While these are a number of the amenities most desired by today’s patients, it’s vital to notice that the most sought-after amenities in MOBs are subject to vary over time. Thus, you ought to always ask about the pliability of a specific MOB before getting into it so that you’ll adapt the space to your needs as they modify.

Points to Consider While Leasing Medical Office Property

While it’s crucial that the medical office building has the amenities and features your practice needs, you may want to think about the building’s opposite tenants. Typically, you would like to avoid opening your practice too on the brink of any direct competitors.

However, it will benefit you to try to so near others that provide different services or speciality services, so you’ll both potentially enjoy referrals. If you’re one among those speciality care providers, it’s going to serve you well to lease space during a MOB that features a robust medical care practice there already for an equivalent reason.

Cost of Building a Medical Office Property

Hospital executives who decide to build medical office facilities know that construction costs can steepen quickly, but there are some steps they will fancy to mitigate burdensome expenses.

The average cost of a medical office block across 25 metropolitan markets last year was quite $240 per sq ft, consistent with REED Construction data. New York, San Francisco, Boston, Chicago, and Philadelphia had the very best medical office block costs at $257 to $303 per sq ft. However, hospitals can control those costs with a far better capital strategy.

One of the more significant changes within the medical office block arena is that hospitals have begun to regulate a more substantial majority of the building space.

Create greater design efficiencies

Today, medical office buildings must cash in on shared spaces, like waiting rooms and examination rooms, through better design. If the buildings reduce unnecessary space, hospitals can also be ready to relocate administrative functions from the expensive hospital arena to the medical office block.

Consider alternative building materials

While hospitals should strive to form medical office buildings that look attractive, spending large sums of cash on expensive materials like marble and granite might not be worthwhile. Patient experience must be considered within the design.

Standardize design prototypes

Hospital executives and construction/design teams should standardize medical office buildings’ features wherever possible. They are often more manageable and more cheaply adapted to other construction situations.

Evaluate all capital sources

Large health systems may run the day-to-day construction and monitor construction costs, but smaller systems and hospitals might want to assess all options, including third-party sources.

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