8 Tips to Consider When Buying or Leasing Commercial Space

Are you planning start or relocate your medical practice to a new place? If yes, then finding the best medical space for lease in your area will play a big role in determining the overall success of your practice. While adequate interior space and parking is usually provided, there are other crucial factors that you need to consider. Choosing a wrong, medical space for rent could cost you both clients and employees. When choosing an office space for rent, don’t just consider the current situation of your business, you also need to consider future needs of the business. In this article we are going to tell you important things that you need to consider when it comes to finding the right office for your medical practice.

1. Consider demographics

One very important thing that you need to consider when choosing a rental space for your medical practice is your target clients? Who are your clients and where are they situated? For example, if your area of specialty is cosmetic in nature, then it may be prudent to locate it in a high end neighborhood (white collar neighborhood). It is also very important to consider if the population is growing or stagnant. It is always easy to break into a community that is growing than a community that is already mature where you will be forced to compete with well-established medical practitioners who have been there for a long period of time. If you own a cosmetic practice some of the things to consider before renting a new space include income and education level. However, you need to careful on the assumption that you make. Take your time and conduct extensive research about demographic before you make your final decision on choosing a particular rental space for your medical practice.

2. Consider traffic patterns

What types of business are within the area that you are considering to rent a space for your medical practice? Are there popular commercial businesses such as supermarkets and banks? If a particular area has popular businesses, then the traffic patterns of that particular are is also high. In addition to that, upscale businesses usually attract upscale clients. Don’t just choose a particular renting space for your medical practice, make sure that you research on traffic patterns. Another very important thing that you need to consider is the side of the street that is most convenient for your patients. For instance, if majority of your patients make appointments during rush hour traffic when they are off from work, then you should choose office space that your patient can easily access during that particular time.

3. Consider competition

This is a very important factor that many medical practitioners overlook when choosing medical office for rent. It is not prudent to move a new location where there are several other medical practitioners offering similar service to what you are offering. The last thing that you want as a doctor is your patient to mistake your office with another doctor’s office. Before you make your final choice, do some little research to know the existing medical practitioners offering similar services. If the competition is too high, then abandon that particular area and look for another strategic place where there is less competition.

4. Consider partner business

Pharmacies, hospitals, medical specialists and laboratories are important allies that you should always look out for when searching for best medical office for rent. This will not only make it easy for to you execute your services to your patients but the location will also be convenient to your patients. You can work together with other stakeholders within the industry to ensure that you provide quality services to all your patients.

5. Inquire about parking 

Does the new space that you are considering to rent offer parking for your patients and employees? Is the parking close enough to the office and is it safe? These are a very important questions that needs to be answered before you make your final decision on choosing a particular renting space. It is will be very hard to attract or even retain your current patients if they struggle to find a parking space when they visit your office. Therefore, the new location that you choose should have ample parking area for both your staff and patients.

6. Consider security 

As a certified medical practitioner, you will be holding sensitive and personal data about your patients and staff. As a result, you need to ensure that you choose medical Office Space for rent that offers good security. Your staff and patients also need to feel secured. Find out the security measures that have been put in place then analyze to see if it is appropriate for your staff and patients. If the security is not sufficient, then don’t even think of renting that particular office.

7. Consider if the office offers the right signal

Before you choose a medical office space for rent, you need to consider the signal that you want to send to your clients. The office space that you choose will be much more than just a collection of cubicles. First impression is very important and will determine how your clients will perceive medical services that you offer. Patient are more likely to feel comfortable when they enter into an office that they see is will maintained. They also prefer offices that that are well decorated with clear signs that stand out from the rest. Office space that you rent should therefore send the right signal to your target audience.

8. Consider if the office is complaint with disabilities act

Before you choose a medical office space for rent, you need to make sure that the building is complaint with disability act. Some of your clients cannot use the same facilities as others because they are disabled. You need to choose a rental space that is also favorable to persons with disability so that you don’t end up losing them.

In conclusion, as discussed above, getting the best medical office space for rent is not difficult as many people think. However, there are very many factors that you need to consider in order to find a location that is convenient both for your patients and staff.