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Asset Classes · Medical Office

Medical office, where Florida's demographics meet credit tenancy.

An aging, growing population makes Florida medical office one of the most durable asset classes in the state. GoCommercial represents physician groups buying or leasing their own space, investors acquiring medical office, and owners selling hospital-adjacent and community-based medical buildings.

Healthcare & Medical Office – GoCommercial, Florida

Healthcare & Medical Office brokerage in Florida: key facts

  • What we do. Sell and lease medical office buildings and condominiums, and find locations for clinics and practices, across Florida.
  • Property types. Hospital-adjacent buildings, community medical office, dental, veterinary, urgent care and specialty facilities.
  • Who we represent. Physician groups, health systems, investors and the owners of medical buildings.
  • How we price. On the strength and term of the leases, the practices behind them, the specialty buildout in place and the location relative to hospitals and patients.
  • Who does the work. A senior advisor of GoCommercial at Compass leads every assignment from valuation through closing.

Where we work

01

Hospital-adjacent MOB

Buildings and condos on or near hospital campuses, including recent assignments adjacent to HCA and Baptist Health facilities.

02

Physician-owned real estate

Sale-leasebacks and dispositions of practice-owned buildings, and acquisitions for groups buying their own space.

03

Dental, veterinary and specialty

Freestanding and retail-adjacent medical, including dental, urgent care, dialysis and surgery centers.

04

Site selection

Locations for new clinics and expansions, with demographic and co-tenancy analysis.

How Florida medical office is valued

Medical office is valued like office with two additions: the strength of the practices in the building and the cost of what has been built for them. Tenants invest heavily in their suites, with plumbing in every exam room, imaging shielding and procedure space, and they rarely move once established. That stability is why many investors favor medical office over conventional office. We verify it lease by lease: who the tenant is, whether a health system or a physician group stands behind the lease, how much term remains and who paid for the buildout.

Location is measured differently too. Proximity to a hospital campus, visibility to patients, parking and ground-floor access carry more weight than they do for a professional office. For physician-owned buildings we also model a sale-leaseback, in which the practice sells the real estate and signs a long lease, because the lease terms the practice agrees to largely set the price the building will bring.

What we evaluate in a medical office property

01

Permitted use

Zoning and any conditions on medical, outpatient or surgical use, and parking requirements that come with them.

02

Infrastructure

Plumbing, electrical, HVAC, generator capacity and any specialty systems for imaging or procedures.

03

Access

Patient drop-off, accessibility, proximity to hospitals and physician referral patterns.

04

Tenancy

Hospital-affiliated versus independent practices, lease terms and the cost of specialty buildouts.

05

Conversion

What it would take to convert conventional office to medical use, or the reverse.

06

Regulatory

Certificate-of-need, licensing and healthcare-specific lease considerations that affect tenants.

Questions

Healthcare & Medical Office: common questions

What is a medical office building (MOB)?
A medical office building is an office property designed and leased for healthcare use: physician practices, outpatient clinics, imaging, dental and surgery centers. It has more plumbing, power and parking than conventional office and is often located on or near a hospital campus.
What is a sale-leaseback for a medical practice?
The practice sells the building it owns to an investor and signs a long-term lease to stay in it. The physicians take their capital out of the real estate while the practice keeps operating in the same location.
Can conventional office space be converted to medical use?
Often, if zoning allows medical use and the building has enough parking, plumbing capacity and power. Medical use usually requires a higher parking ratio than general office, which is the most common obstacle.
Do you help physicians buy or lease space?
Yes. We represent physician groups and other practices in buying and leasing space, including site selection for new locations and expansions.
Do you work with health systems?
Yes, on both dispositions of surplus real estate and acquisitions and leasing for expansion.

Start a Conversation

Own medical office or need a clinical location?

A senior advisor will respond within one business day.

  • Senior advisor on every engagement, from the first conversation through closing.
  • The Compass network behind every assignment: brokerage operations across the United States and a national referral base.

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