Good story from the Los Angeles Times that addresses the high rent cost in the southern California areas...the rent increases just keep coming for the physicians...another cost item that cuts into their bottom line, along with all the other decreases and cuts they have been faced with the last few years...BD
Add to the list of woes for Southern California doctors: escalating rents for space in modest medical office buildings. These quarters are often more expensive than traditional office buildings such as the 72-story showcase U.S. Bank Tower in downtown Los Angeles. That may be great news for landlords but a harbinger of higher medical bills for patients and even a potential career ender for some doctors, says David H. Aizuss, president of the Los Angeles County Medical Assn.
The price of renting or buying medical offices is climbing fast, especially in popular markets such as Beverly Hills, Santa Monica and Newport Beach where medical buildings are selling for record prices and offices to lease are tough to find.
"Doctors need the synergy of being together. They rely on each other.""Developers are going to start figuring it out," Held said. When it comes to office space, he added, "Doctors are going to have to do more and more -- with less and less."
Headache for doctors: medical office rents - Los Angeles Times
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