Opening a medical Office in Washington may sound like a dream come true. Medical tenants are increasing rapidly over the past decade and occupy 70 percent of the property. But, leasing a medical office with this increasing competition can be tough.
So, as you look for a medical office broker Washington DC, here are some questions to ask to help you understand the entire process better.
Is The Space Sufficient for the Office?
Inquire about the square footage and whether or not temporary barriers can be put up or taken down. Consider how many employees you will have, what equipment you’ll need, and how you want the room to appear when deciding how much office space you’ll require.
Does The Building Permit Different Types Of Equipment?
Tell a medical office broker in Washington DC about any unique equipment you need, such as X-ray machines, and make sure everything is documented in the lease agreement for your safety. Don’t forget to inquire about biomedical waste disposal. Again, for your safety in the future, these should be incorporated into the lease.
Should You Lease or Buy?
Should you buy an office space instead of leasing one? It’s good to look into both with the help of your medical office broker in Washington DC. Property for medical offices is expensive as the average rent is $60 per square foot in Washington DC.
Does the Building Abide by the Americans with Disabilities Act (ADA)?
Ideally, it is by default that the building complies with this act. However, check, and remember to ask the landlord to cover the cost of any necessary improvements.
Are There Any Restrictions on Office Hours?
In Washington, some buildings might impose limitations on business hours or don’t allow entry after hours. So make sure your plans are in line with what’s allowed.
Are There Any Restrictions On Improvements?
Ensure you can design the space to support your practice to the best of your ability. It’s also a good idea to inquire about tenant improvement allowance to ensure that any modifications you make to the property, such as new paint or flooring, are repaid.
Ask About The Rent- How Is The Increase-Curve Going To Be?
Make sure you’re aware of any expected rent hikes over the term of your lease. If they plan to increase it, how will it increase in terms of your lease? The rent varies from $70 to $50 per square foot in Washington based on the property.
Is The Parking Area Big Enough?
For every 1,000 square feet of office space, you’ll need at least five parking places in the state’s capital. A drop-off zone, depending on your practice, may also be beneficial.
Is It Possible To Have Distinctiveness?
You don’t want your landlord to let your competitor lease the space next door to avoid the pressure of competition. Confirm this with your landlord before leasing the property.
Asking these questions will help you find the right medical office broker who can find you the ideal medical office space best suited to your requirements and budget.