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If you think finding a medical space for lease in Manhattan is a pain worthy of anesthetic, try leasing a medical space in Manhattan. From a landlord’s perspective, renting out medical offices to a physician or health care provider is a high-maintenance deal.
The Specific Attributes of Medical Space
Health care practitioners have very specialized commercial real estate needs. On the surface, they don’t appear all that complicated. Medical space for doctors, dentists, chiropractors, physical therapists and acupuncturists is typically configured with a reception area, a series of treatment and/or consultation rooms, administrative offices, and maybe a storage closet or two. Sole practitioners like therapists require an even simpler layout, usually a single office and a reception area.
But then you have to factor in the federal ADA compliance requirements, particularly important for practitioners like physical therapists or neurologists whose patients are likely to be disabled. Oh, and unlike conventional office space tenants, medical practitioners require rivers of running water, mazes of plumbing to ferry all that water, and enough electrical capacity to run equipment like x-ray machines and MRI scanners. Let’s not forget the need for special hazardous waste disposal. Multiply all this by the incessant foot traffic, and you can understand why New York City commercial property owners tend to reserve the vast majority of their available space for conventional office tenants.
Manhattan Medical Featured Properties
Physician-Friendly Medical Office Space NYC
But all is not lost. There are a number of Manhattan office buildings that are physician friendly. Among these properties are:
· 429 East 75th Street,
· 133 East 58th Street,
· 200 West 57th Street
· 115 East 61st Street.
Certain buildings such as 247 Third Avenue are exclusively for medical use. On the residential side, many cooperative and condominium buildings rent or sell their ground floor or basement space to medical practices. This is especially good to know if you’re a physician who is affiliated with a hospital and would prefer to have an office close to said hospital.
Key Neighborhoods for Medical Practices
Physicians understandably prefer acquiring medical space near the hospitals that they are affiliated with. Major hospitals in Manhattan are surrounded by numerous medical spaces occupied by medical practitioners. The Upper East Side is particularly in demand because New York Presbyterian, Hospital for Special Surgery and Mount Sinai are located in these neighborhoods. Healthcare real estate is also in great demand on the predominantly residential The Upper West Side. Physicians, psychologists, physical therapists, dentists all want to rent a ground floor professional space in this desirable neighborhood.
Our Finger on the Pulse
This is when it really helps to have an experienced commercial real estate broker on your side. We know what owners are likely to lease for medical usage, and how to negotiate leases for tenants with very specific healthcare space needs (build-outs, special plumbing, ADA compliance, etc.).
Metro Manhattan Office Soace, Inc. has helped health care providers acquire more than 5,000 square feet of medical space in just the first half of 2012. We have successfully represented dentists, physical therapist, acupuncturists and physicians in the search for medical space. If you"r thinking you'd like us to do the same for you, please contact Alan Rosinsky, Principal Broker of Metro Manhattan Office Space, Inc. at (212) 447-5402,
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