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Converting Office Space to Healthcare Facilities

May 24, 2024 | Posted by Jeff Weil | Commercial Financing, Commercial Real Estate, Office Space, Real Estate Landlords, The Office Market, Trends for Office Tenants |

Bisnow May 8, 2024, It is not easy or inexpensive, but many office projects have ample parking and are located near residential and commercial areas. “Leopardo Vice President of Healthcare David Rutledge said when developers are looking to build a new healthcare facility from the ground up, they often find that ideal sites like Knightly described are few and far between. Converting existing office buildings into healthcare facilities, however, provides a prime location, accelerated timeline and cost-effective strategy. Of course, these conversion projects don’t come without significant challenges. When transforming an office into a healthcare facility, the building will likely need new utility services, mechanical, electrical and plumbing infrastructure, and vertical transportation modifications, at a minimum. How quickly and easily these changes can be made depends on the existing structure of the building… One thing driving the electrical and design needs of a healthcare facility is the diagnostic and treatment equipment, which requires a great deal of space and electricity to operate.” Again, it may not be easy or cheap to convert office buildings into medical facilities, but in certain circumstances it might still be less expensive than building a new health facility from ground-up.

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Jeffrey Weil, CCIM, MCR.h, SIOR

Executive Vice President
San Francisco Bay Area
1850 Mt. Diablo Blvd., Suite 200
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CA Lic. 00786195
Phone: +1 925 279 5590
License #: CA-00786195
Email: jeff.weil@colliers.com

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  • Jeffrey Weil
  • Colliers International
  • 1850 Mt. Diablo Blvd., Suite 200
  • +1 (925) 279 5590
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Contact Information

  • Jeffrey Weil
  • Colliers International
  • 1850 Mount Diablo Blvd., suite 200
  • CA Lic. 00786195
  • +1 (925) 279 5590
  • jeff.weil@colliers.com
  • www.officetimes.com

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