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Medical office buildings come with specific tenant needs and varied leasing patterns. Ann Bishop, Wallace Properties, explains why developers who are considering building medical offices should understand the benefits of this property type for investors and owners. NAIOP Washington State

If you own a Commercial Property then speak to STax - The Capital Allowance Experts. They can help you make a Capital Allowance Claim and possibly reduce your tax liability.

𝑪𝒐𝒎𝒎𝒆𝒓𝒄𝒊𝒂𝒍 𝒓𝒆𝒂𝒍 𝒆𝒔𝒕𝒂𝒕𝒆 𝒊𝒏𝒄𝒍𝒖𝒅𝒆𝒔 𝒑𝒓𝒐𝒑𝒆𝒓𝒕𝒊𝒆𝒔 𝒖𝒔𝒆𝒅 𝒇𝒐𝒓 𝒃𝒖𝒔𝒊𝒏𝒆𝒔𝒔 𝒑𝒖𝒓𝒑𝒐𝒔𝒆𝒔, 𝒔𝒖𝒄𝒉 𝒂𝒔: 𝐎𝐟𝐟𝐢𝐜𝐞 𝐁𝐮𝐢𝐥𝐝𝐢𝐧𝐠𝐬: Spaces designed for business operations, offices, and professional services. 𝐑𝐞𝐭𝐚𝐢𝐥 𝐒𝐩𝐚𝐜𝐞𝐬: Locations for businesses selling goods or services to consumers, like shops and malls. 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐚𝐥 𝐏𝐫𝐨𝐩𝐞𝐫𝐭𝐢𝐞𝐬: Facilities for manufacturing, production, storage, or distribution of goods. 𝐌𝐮𝐥𝐭𝐢-𝐟𝐚𝐦𝐢𝐥𝐲 𝐑𝐞𝐬𝐢𝐝𝐞𝐧𝐭𝐢𝐚𝐥: Residential properties with multiple housing units, such as apartment complexes. 𝐇𝐨𝐭𝐞𝐥𝐬: Properties offering accommodation and related services for travelers. 𝐒𝐩𝐞𝐜𝐢𝐚𝐥 𝐏𝐮𝐫𝐩𝐨𝐬𝐞 𝐏𝐫𝐨𝐩𝐞𝐫𝐭𝐢𝐞𝐬: Unique buildings designed for specific purposes, like theaters, churches, or schools. 𝐇𝐞𝐚𝐥𝐭𝐡𝐜𝐚𝐫𝐞 𝐅𝐚𝐜𝐢𝐥𝐢𝐭𝐢𝐞𝐬: Properties used for medical purposes, such as hospitals, clinics, or medical offices.

McAvoy Continues Rental Fleet Expansion in the UK and Ireland In response to growing demand across the healthcare, pharma, education and commercial sectors, NI-based offsite manufacturer McAvoy continues to invest strongly in the growth of its SmartSpace temporary building fleet.  It recently launched additional new innovative space solutions via its QSpace and ESpace single modular buildings. The business continues to experience high demand for rental projects in both the healthcare and education sectors, including a second, significant 10-year rental contract for University Hospitals Birmingham NHS Foundation Trust. Investment in manufacturing capability has continued with the acquisition of a custom-built mobile gantry, increasing efficiency, and improving workplace safety. This commitment to investment in the business also includes ESG, digital technologies, recruitment, and people development. CEO, Ron Clarke said: “The group continues to see strong interest in its proposition, and with the continued support of our shareholders the company is in an excellent position to deliver its strategic growth plan. We are confident that our high performing temporary and permanent buildings will continue to deliver modern, flexible, and sustainable space solutions to our customers. Looking ahead we are on track to deliver a significant increase in performance in 2024.” During https://lnkd.in/d9WwgAEZ

#ICYMI, I had the chance to share my perspectives on medical office real estate trends in this article for Commercial Property Executive. Read it here: https://bit.ly/47Qe320.

Interesting report on the difference between high rise and low rise office space in 4 major markets and who is leasing the space. WCRE | CORFAC International #officeleasing #officemarkets #highrisespace

Exploring a new space for your medical or office needs? Dive into the possibilities at 10663 Montgomery. Spanning an impressive range from 5,885 SF to 17,565 Total SF, this entire building is thoughtfully designed to accommodate the growth of your business. What sets this space apart? Aside from its expansive size, the prime location ensures easy access to Montgomery, I-275 & I-71, creating an optimal environment for productivity and convenience. Whether you're in the medical field or looking for a dynamic office space, this is a golden opportunity. Highlights: Versatile Space: Choose from a flexible range of 5,885 SF to 17,565 Total SF, allowing you to tailor the space to your specific needs. Strategic Location: Situated in a prime location, this space offers seamless access to a wealth of amenities, enhancing the overall work-life balance for you and your team. Business Growth: With ample room for expansion, this full building is the perfect canvas for fostering the growth and success of your enterprise. Ready to explore further? Take advantage of this incredible opportunity. Contact us today to schedule a personalized tour and discover how 10663 Montgomery can elevate your business to new heights! Learn more on our property-specific website: https://lnkd.in/gZcuuq4K #OfficeForSale #MedicalSpace #CommercialRealEstate #MontgomeryOpportunity #BusinessGrowth

JLL has been appointed to lease the new Nona Medical Center in #Orlando. The brokerage team of Lucia Hedke , LEED GA and Micah Strader will be spearheading leasing efforts. Read more via Steven Ryzewski at the Orlando Business Journal as Lucia discusses the demand in the area for high-quality #medical space. The new 45,000-square-foot medical office project is expected to deliver sometime next year joining 10.4 million square feet of medical office space in metro #Orlando at completion and offering amenities for patients looking to stay near the center. "The area certainly needs additional, high-quality medical office space — especially as medicine modernizes, it's appropriate to be in a modern, Class A building," Hedke told Orlando Business Journal. "The Lake Nona area continues to grow across many levels — I think the average age now is about 37 years old, so you're seeing a good mix of younger population." Schwartz Media Strategies Yudi Fernández Kim Victoria Cela https://lnkd.in/e6FR2WUY

With office investors starting to take interest in some of the sales that have emerged in San Diego recently (like Hazard Center, Sky Park Office Plaza and Symphony Towers), I was posed an interesting question in a meeting last week – “which submarkets are benefiting the most from tenant activity?” In order words, which submarkets are seeing the strongest leasing activity from tenants, and should I consider investing in there? Over the last 4 years, there’s been a noticeable uptick in leasing volume across the board and many of our market discussions circle around tenants playing “musical chairs”.   The flight to quality is at the forefront of many of the conversations, but there’s an interesting migration pattern that’s emerged in San Diego which has been pointed out by JLL Research. Over the last 4 years, there are some clear winners and losers and here they are...

Are 95% of your headaches caused by 5% of your projects? Unlike simple office renovations, #mission-critical, complex projects like laboratories, #SCIF space, and medical/hospital, contain elements that can cause cost overruns and delays. Learn about why Matos is the best choice when dealing with #complexprojects. #thematosway #veteran-owned #smallbusiness