Office Space Price Index — October 2026
Median private-office pricing for New York City, Miami, Los Angeles, Atlanta, Houston in October 2026, computed from live SquareFoot inventory, with month-over-month movement.
6 ways to save $$$ on your office space.
Learn more >August 29, 2026 | by Michael Monday
Renting medical office space is a different exercise from leasing a standard office. The building has to permit clinical use, the space has to support exam rooms and patient flow, and the lease has to make an expensive build-out pencil. Here’s the complete picture, whether you’re a solo practitioner or a multi-provider group.
Broadly, three tiers: medical office buildings (MOBs) — purpose-built for healthcare, often near hospitals, with the plumbing, elevators, and parking clinical practices need; medical-permitted space in general office buildings — ordinary offices where the zoning and landlord allow clinical use; and second-generation medical space — a suite a previous practice already built out. Second-generation space is the sleeper value: inheriting exam-room plumbing and an ADA-compliant layout can save six figures in build-out.
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Expect a premium of roughly 10–25% over comparable general office space, reflecting the infrastructure and the landlord’s cost of specialized turnover. The bigger number is usually the build-out: clinical fit-outs commonly run $100–250+ per square foot depending on exam rooms, labs, and imaging. That’s why the tenant improvement (TI) allowance — what the landlord contributes to construction — often matters more than a dollar or two of base rent, and why medical leases tend to run 5–10 years: the term amortizes the build-out.
A growing group with equipment should lease directly and build to spec. A newer or part-time practice has cheaper on-ramps: subleasing from an established practice (common for therapists and specialists), or timeshare medical suites rented by the day. Match the commitment to your patient volume, not your ambitions.
Medical inventory is thinner than general office space and often poorly labeled on listing sites. A tenant-rep broker who works healthcare will know which buildings actually permit clinical use and which landlords fund build-outs — and because landlords pay the commission, representation costs you nothing. Here’s how we run that search for practices, and if you’re looking in New York, start with our NYC medical office guide.
Is medical office space more expensive than regular office space?
Per square foot, usually 10–25% more — but total cost is dominated by build-out, which the TI allowance and second-generation space can dramatically reduce.
Can I see patients in a regular office building?
Only if zoning, the certificate of occupancy, and your lease all permit medical use. Never assume — verify all three in writing.
How long does it take to open a medical office?
Move-in-ready or second-generation space: 1–3 months. Full clinical build-out: 6–12 months including permits and construction.
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