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During the COVID-19 pandemic, demand for medical office space stayed at pre-pandemic levels. At the end of 2023, the medical office vacancy rate for the top 100 largest metro areas was only 7.25% ...
A commercial office/retail building. Commercial property, also called commercial real estate, investment property or income property, is real estate (buildings or land) intended to generate a profit, either from capital gains or rental income. [1] Commercial property includes office buildings, medical centers, hotels, malls, retail stores ...
A serviced office broker will commonly help business center owners and facility management companies to rent serviced office space. Companies offering serviced offices are generally able to offer more flexible rental terms, as opposed to a conventional leased office which may require furnishing, equipment, and more restrictive leases.
As of July 2010, the tenant space in the Memorial City complex had an occupancy rate of 65-70%. On July 9, 2010 the hospital system entered into a lease for over 800,000 square feet (74,000 m 2 ) of office space with MetroNational Corp., involving the building formerly named the North Tower and the Medical Office Buildings 1–4 on the Memorial ...
Data from JLL, a commercial real estate firm, shows the gap between the average price per square foot of residential and office rental space has narrowed from 12% in 2009 to 8.6% in 2022.
The Stark Law contains several exceptions, including physician services, in-office ancillary services, ownership in publicly traded securities and mutual funds, rental of office space and equipment, and bona fide employment relationship. It is named for United States Congressman Pete Stark (D-CA) who sponsored the initial bill.
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