Leasing medical office space on Long Island has been swiftly evolving over the past few years as the needs of practitioners and realtors have shifted. Gone are the days of niche commercial spaces (or at least they’re nearly gone) and that means there are a few ways for your medical business to make a profit. Listed below are 6 ways to make the most of leasing medical office space on Long Island.
Leasing Medical Office Space on Long Island – Phase I
1. How much space do I need (and can I get more)?
In the past medical professionals were forced into small spaces that were ill-equipped to handle large quantities of patients, but times are changing. Physicians leasing medical office space on Long Island are now foregoing their smaller premises for larger, more traditional office spaces. While more square footage may sound like a great thing (and it is, check out our post on square footage for commercial property), there are some additional things you will want to be aware of before you settle on that large medical office space.
2. Is it safe?
If you have settled on procuring the larger, traditional office space, you will have to make some alterations before you can set up shop. After all you’re transforming these premises from something that might be suitable for lawyers to a space better suited for say, pediatric care. Every state has their own special rules and regulations so be sure to check with your state of practice. Those of you planning on leasing medical office space on Long Island will find all necessary information at this link for the New York State Office of Professional Medical Conduct.
3. Can you get a long term commercial lease?
As a medical professional or physician you know that opening your first medical office space can cost quite a lot of money; especially up front. The overall cost of upgrading and purchasing medical equipment can end up pricing you out of a lease. That is, if it is a short term lease. If you plan on leasing medical office space on Long Island, we highly recommend that you negotiate a long-term lease whenever possible. A longer lease period will help lower your monthly payments and will give you access to those spaces that may have previously been out of your price range.
Check out our guide below for all 6 tips for leasing medical office space on Long Island.
