Recent Posts

THE RUNDOWN

Retail clinics are popular. So, what’s the problem?


Retail clinics are popular. So, what’s the problem? Three problems, actually. Millennials are seeking cost-effective, conveniently-located medical care. In order to capture this market, healthcare organizations have begun to lease space in retail malls and strips, instead of purchasing offices.

Here are the problems,

1. Medical leases are, however, more complex than most commercial leases. Medical facilities must conform to regulations regarding proper use, zoning, biohazard and medical waste.

2. There are also laws like Starks Law that are unique to medical centers.

3. Suitable locations are also in short supply. Many health care professionals want to rent an office near a hospital, which is creating high demand in these locations.

#medicaloffice #retail #leasing #trends