Medical office investments in South Florida have been gaining popularity over the years, and for good reason. With a thriving healthcare industry in the region, there is a growing demand for medical office spaces. This has led to attractive investment opportunities for commercial real estate investors looking to diversify their portfolios. In this blog post, we will explore some of the reasons why investing in medical office properties in South Florida can be a smart move for commercial real estate investors.
1 Strong demand for medical services South Florida is home to a large population of retirees and senior citizens who require medical attention on a regular basis. Additionally, the region’s popularity as a tourist destination means that there is a steady flow of visitors who may require medical services while they are in the area. This has led to a strong demand for medical office spaces in South Florida, making it a lucrative investment opportunity.
2 High-quality medical facilities South Florida is known for its world-class medical facilities and hospitals, such as the Cleveland Clinic, Baptist Health South Florida, and Memorial Healthcare System. These facilities attract top medical professionals and specialists, who require high-quality medical office spaces to operate their practices. Investing in medical office properties in the region can provide access to a pool of high-paying tenants who value quality and professionalism.
3 Stable income stream Medical office leases tend to be long-term, providing a stable income stream for investors. Additionally, medical tenants often invest in the build-out of their spaces, making them less likely to move out once their lease is up. This stability can provide a reliable source of income for investors, making medical office investments an attractive option for those looking for a consistent return on investment.
4 Resilience during economic downturns The healthcare industry is generally considered to be recession-resistant, meaning that it tends to remain stable even during economic downturns. This is because people still require medical attention regardless of the state of the economy. Investing in medical office properties in South Florida can provide a hedge against market volatility, making it a smart move for investors who want to diversify their portfolios and reduce risk.
In conclusion, investing in medical office properties in South Florida can be a smart move for commercial real estate investors. With a strong demand for medical services, high-quality medical facilities, stable income streams, and resilience during economic downturns, medical office investments in the region offer attractive investment opportunities for those looking to diversify their portfolios and reduce risk.
RISE Realty South Florida commercial real estate broker, Keith Darby, has represented medical office building investors and medical office tenants in the south florida commercial real estate market. Most recently, Keith has advised Dr. Christopher Estes and Dr. Emily Rowe of Miami Beach Comprehensive Wellness Center in a successful medical office space relocation from a tired neglected office building on Miami Beach’s 41st street corridor to a penthouse office suite just off Miami Beach’s iconic Lincoln Rd at 1688 Meridian Ave. Keith is also the exclusive real estate advisor to Florida’s leading ophthalmology group Your Eye Specialists having helped them secure five medical office building locations from Aventura to Jupiter, FL. Contact RISE to advise on your next medical office requirement or medical office building investment advisory services in Florida.
RISE Realty’s Current Market Report for medical office properties:
Aventura, FL: Most of the new medical office properties that have been sold in the last couple of years are class ‘A’ office condos in Aventura where the market rents are around $60 PSF gross and they have traded in the $650-$750 PSF range.
Weston, FL: Current class ‘A’ medical office buildings command $32 NNN. Check out RISE Realty’s class ‘A’ medical office sublease in southwest broward’s Weston, FL.