Medical Office Buildings

There are four new hospitals in the construction or planning stages in the Charleston area.
Since every hospital is staffed by doctors, there is a tremendous opportunity to develop Medical Office Buildings to house their practices.
Although many offices which house medical practices are called Medical Office Buldings, a true Medical Office Building is a thing unto itself. There are significant developmental and operational differences.
Some of the differences are smaller office bays, heavier structural requirements, special HVAC considerations, more parking, elevators, and more spacious common areas.
Tenant improvements are more expensive because of the non-standard requirements.
Many doctors want to own their offices. Some Medical Office Building are divided into condos and sold as individual units. In other instances, the doctors are members of the investment LLC and agree to lease back the space. There are pros and cons to each approach.
Hospitals want to keep their staff and make them happy and will often develop and invest in Medical Office Buiuldings for their staff.