Albuquerque Commercial Real Estate Services
If you are a medical professional looking for property for your practice in Albuquerque, you have undoubtedly come across the issue of having to decide between commercial real estate for sale and commercial real estate for lease. What should you do?
The answer to this question really depends on your needs. A lot of commercial real estate agents may tell you that it’s always better to lease—some may say purchase. But purchasing vs. leasing really depends on what you want to do; there are pros and cons to both.
Commercial Real Estate for Sale
Commercial real estate for sale that can be used for medical practices can be difficult to come by. Medical practices require a lot of amenities that other commercial businesses and or residential properties just don’t. Your building may need a specific layout that’s hard to find; you may need a curtain build-out (i.e., more electricity, water, etc.) than other businesses; and you may need more or less space and have to follow HIPAA requirements depending on your type and size of practice.
Finding commercial real estate for sale can be beneficial. A lot of medical professionals like the control that they have owning their own property. You don’t have to answer to a landlord regarding what you want to do with your building. Most medical properties require a lot of renovation and this can be difficult to accomplish with a property owner who wants to keep everything the way the building already is.
Overall, purchasing property can be a good idea if you are planning on staying in a location for a long period of time.
Commercial Real Estate for Lease
Obtaining medical office space for lease is great for those who do not want to worry about building structural or maintenance problems. When you lease property, the landlord is responsible for maintenance and repair of the building and the grounds. If the electricity or plumbing goes out, you are not responsible for fixing it; the owner is. Leasing also allows you the option of moving once your lease term is up. With owning, you may out grow your space and have to move.
Of course, you generally have less flexibility in designing your space when you lease. Also, you’re putting money into someone else’s pocket that could’ve otherwise gone back into your business. There are many things to consider when determining if leasing is right for you. Our experienced agents can help you make the best choice for your practice after getting to know you, your practice and both your short and long term objectives.
Contact an Experienced Medical Real Estate Agent in Albuquerque
With NM Medical Real Estate, our agents will guide you through the property searching process. They will help you decide between leasing and owning and will help you make the decisions that are best for you and your practice. Our NM Medical Real Estate agents have almost 20 years of experience helping medical professionals find property. We’ll take the time to understand your practice and desires in order to find you the property that works best for you.