Too Much Space & Long-Term Leases
Because most medical office buildings can’t effectively break down their spaces down to less than 1,500 to 2,000 SF, many medical/wellness practitioners end up leasing more space than they really need and then are forced to try to sublease their excess space to others. That all changes with the creation of Viva MedSuites! Renting direct medical office space typically will require you signing a 5+ year lease, for more space than you really want, signing a personal guarantee, and putting up a hefty security deposit, and often spending lots of money on configuring the space to your needs, furnishing it and decorating it. Then if your needs change, you’re stuck in a long-term lease that you’ve personally guaranteed.