At Integra Realty Resources, we understand that that the medical office buildings (“MOBs”) market operates differently than the standard office market and should be analyzed using different parameters. MOBs are different from general office buildings because they typically require more mechanical, electrical, and plumbing (MEP) to accommodate equipment unique to medical practices. This often translates to higher replacement cost and different rental value drivers (Tenant Improvement Allowances, length of leases, etc.).
Due to the specialized nature of MOBs, our valuation considers building-specific factors such as the size, type and number of exam rooms, diagnostic equipment, and patient waiting areas. They may also include on-site laboratories and pharmacies, imaging centers, out-patient surgery and/or acute and urgent care occupancy. The location and design of these buildings is also an important factor as they are often located near hospitals or other healthcare facilities, and are designed to provide convenient and accessible care to patients.
At Integra, we are committed to providing the highest level of service to our clients in the medical office property sector. Contact us today to learn more about our appraisal services.