Finding the right dental office for rent in Miami takes research and persistence, but the right location makes a huge difference.
Medical Real Estate Focused Team
Industry Leading Demographics
Hundreds of Successful Clients
So, you’re thinking about space for your practice in Miami – exciting! Navigating the commercial real estate market is a little different than the residential one, so we’ve created this short guide of tips and key pitfalls to avoid while trying to find a dental office for rent in Miami.
Where can you find a dental office for rent?
Commercial Real Estate Agents
Commercial Real Estate Agents use their local market knowledge and relationships alongside databases of properties to find and screen available properties for their clients.
Most commercial real estate agents specialize on either landlord representation or tenant representation. We almost exclusively represent medical tenants, the majority of which are dentists looking for the perfect location to set up their practice.
Hit the Street
Driving areas you are interested in can be a good way to get a feel for what is out there on the market. When trying to find a dental office for rent in Miami, you’ll want to be sure to take note of the existing practices that are nearby.
Miami’s Health District is a neighborhood north of the downtown area with one of the highest concentrations of medical and research facilities in the United States. The area includes hospitals, clinics, and advanced medical and biotechnology research institutes.
The “heart” of Miami is the downtown area which includes the neighborhoods of Brickell, Watson Island, PortMiami, and Virginia Key.
South Miami includes neighborhoods such as Coconut Grove, The Roads, and Coral Way. To the west are neighborhoods like Little Havana, Flagami, and West Flagler. Northern areas include Little Haiti, Overtown, Liberty City, and Edgewater.
Keep in mind, if you go to a landlord’s broker directly without representation, the landlord’s broker simply keeps the entire listing fee from the landlord instead of splitting the fee with an independent agent of your choosing.
Some landlords won’t pay a tenant agent (your agent) if you’ve discussed a space in depth with them on your own previously. This can make it tricky to bring in outside representation later.
There are several listing services that are available for free online. They are less comprehensive than the paid databases, and are often less frequently updated. Searching through them is a great way to get a feel for what you like and don’t like in commercial properties, but can be a hard way to find a dental office for rent. Take note of any property features or amenities that strike you as important for your practice.
Ready to find a dental office for rent?
We do the heavy lifting of combing through property databases and running demographics and competition reports for you. We work exclusively with medical clients, so we know how dental practices work and what it takes to be successful. Use the form below to get in touch and we’ll reach out shortly.
Miami Dental Real Estate Demographics
Miami is a large and densely populated city with a diverse population. According to the 2010 US Census, Latinos made up over 70% of the population and over 73% of the population speaks a language other than English at home.
The estimated median age in Miami is 39.5 years old and approximately 20.9% of the population is over the age of 60. An estimate by the Florida Legislature Office of Demographic Research puts 1 in 4 Floridians over age 65 by 2030.
Miami is the largest city in Florida and the 6th most densely populated city in the United States with approximately 470,914 people – with more than 6.1 million people in the Miami metropolitan area.
The population density in Miami is 3995% higher in Miami than in the rest of Florida. Densely populated cities like Miami typically have higher rents than other cities.
Medical Real Estate in Miami
Due to the large concentration of people in Miami, space comes at a premium. Costs per square foot can be extremely high and occupancies rare in certain competitive neighborhoods. This is why it is vital to have a well-rounded understanding of the many factors that go into selecting an ideal location for your dental or other medical practice.
Get the benefits of agent representation at no cost to you
A commercial real estate agent specializing in medical leasing can help you to consider all of your options and select the perfect location that both fits within your budget and satisfies all of your business needs.
Best of all, commercial landlords typically pay the entire agent fee when finalizing an agreement. Why not take advantage of the benefits of enlisting qualified professional agents that will help you to get the best deal on the right property.
Ways to offset lease expenses in your dental practice
Although the rent for your Miami dental office may seem to take up a large part of your expenses, there are several ways you can help bring those costs down.
Consider renting out an operatory to specialists wishing to do work for patients in your area. Keep non-profit-producing space to a minimum. Efficient scheduling practices can help to eliminate the need for a large waiting space. Or, consider whether a similar but less expensive neighborhood would be a better deal for the bottom line.
Lease costs for healthcare real estate in Miami can be expensive, but there are enormous opportunities for great dentists who start their practices off right with the perfect location.