Finding the perfect medical office space to establish your practice is not an easy decision. Whether you’re relocating or just starting out, here are some things you should keep in mind when looking for medical office space.
Assess Your Budget
One of the first things you need to do when looking for a medical office space to lease is to assess your budget. Be sure to account for the monthly rent, utilities and any improvement costs you may need to invest in the build-out before moving in. Your budget should also include your practice’s day-to-day expenses, from janitorial maintenance to marketing costs.
Understand Your Demographics
Understanding the demographics of your patients is crucial when it comes to finding the ideal location for your practice. It’s important that your office is conveniently situated near your patients and the amenities they utilize. For example, if the patients you serve are elderly, being located near a hospital or nursing home might be beneficial for both your practice and your patients. Take the time to perform some research on your office’s clientele as well as any community you’re considering.
Watch the Competition
Sometimes, being close to other medical professionals is a great way to establish local partnerships and provide convenience for your patients. However, moving into a location with neighboring practices in your field may not be the best idea. You could end up competing for clients or creating a tense environment for you and your staff.
If your practice isn’t located in a highly visible location, you’re missing out on walk-in patients and free street advertising. Situating your practice in a retail-concentrated area or plaza gives you the advantage of connecting with potential clients that stumble across your practice while shopping or running errands! Patients will also feel more comfortable entering a well cared for building with great curb appeal. While achieving a prime location in a high-traffic area may cost you a bit more money, you’ll likely see a return on your investment!