We’re breaking down the key factors to take into consideration when expanding or launching your new practice. If you’re looking for a medical office space for rent in Philadelphia, King of Prussia, Marlton, or Houston, do get in touch with MedCoShare to explore flexible leasing options today.
For starters, one aspect of a good medical office location is its proximity to your target audience, your desired market. A study by Access Development found that 93.2% of consumers travel 20 minutes at most to make everyday purchases. People travel a similar distance for healthcare, at an average of 20 minutes and 8.6 miles. Keeping this in mind, it’s best to choose a location in proximity to key landmarks in the town, a commonly frequented shopping center, or by a local residential hub, for example.
Rent costs are the next aspect of a location to consider. Generally, the acceptable rent cost for a private practice should be around $2,000 to $2,500 monthly. If you are looking at a location asking for a higher price, know that cheaper options are out there. Medical coworking spaces like MedCoShare Pearland can save significant funds on rent. For example, MedCoShare members save up to 56% annually on rent.
Many people would say that competition hurts your business. However, a location with similar businesses in the area can be beneficial. All our MedCoShare locations are near other medical centers. Our Pearland location in Houston, TX is just minutes from the Texas Medical Center, the largest medical hub in the world. Being in close proximity to other healthcare complexes also presents the benefits of referral networks.
Do consider medical coworking if you are looking to launch a practice in a community that has all the resources and support services you need. If you are looking for a fully furnished medical office space for lease in Philadelphia, King of Prussia, Marlton, or Houston, do get in touch with MedCoShare to explore flexible leasing options today. You can get started in as little as 30 days.
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