Medical emergency room construction can be found everywhere in Dallas these days. Gas stations are being replaced with medical facilities. These new facilities are filling a niche offering emergency procedures outside of a hospital emergency room.
Current studies indicate that there are five hundred to six hundred free standing emergency medical facilities in forty states. Texas has the majority of these free standing emergency facilities.
In 2009 the Texas Legislature passed the Texas Freestanding Emergency Medical Care Facility Licensing Act. These emergency facilities are designed to care for patients with true medical emergencies just as a hospital would administer. These locations offer imaging and diagnostic services that are not required in urgent care facilities.
Neighborhood Medical Emergency Room
Hospitals and large medical providers are taking their medical emergency rooms to the market as a retail location instead of a traditional hospital. In the past it was acceptable to travel to a hospital. Now people are looking for convenience in their lives and this includes the healthcare that they receive. The Texas Association of Free Standing Emergency Centers currently has over 44 members. A clear sign of the size of this industry.
Just like national retailers study the demographics of the market before they open a restaurant or store the Free Standing Medical Room operators are performing their own demographic analysis.
Free standing medical centers like to locate in high traffic areas similar to retail operators. They trend to like high income areas where the potential customers are already using the services of other businesses in the area.
The North Texas market is beginning to see some of the larger hospitals are aggressively expanding into the medical emergency market. Both Baylor and Texas Health Resources are entering this business space.
These free standing medical care facilities are potentially very profitable if they are located in the right demographics. If you have an underperforming retail location but the demographics are appealing to Medical Emergancy Room you should consider marketing your property to one of these organizations.
The construction of these facilities can be very expensive. They require all of the backup systems that a traditional medical emergency room requires and X-ray accommodations as well. The interior construction cost per square foot can range from $90 to $110 per square foot. Texas State law requires that these facilities are comparable with hospital emergency rooms so the construction must be equal as well.
When you consider the primary care facilities, emergency room facilities and medical offices throughout the Dallas area there are millions of square feet that are occupied by doctors. It is important that the best option is selected for Dallas medical space when a physician is contemplating a new office or an expansion of an existing medical office. Medical emergency room space is a more complex transaction since be design the location must have the full emergency room facilities required for critical care patients.
By working with a knowledgeable commercial real estate professional the doctor will be able to locate the ideal location for their practice and negotiate the best terms and conditions. Looking for the right space sometimes is easy. Negotiating the best deal takes a professional office tenant representive.