Thursday, January 20, 2011

Dublin Medical Submarket Moves- Finally!

In an area often referred to as an example of over-built medical office space, leases and purchases have absorbed some of the space and plans are in the works for a new building. Professionals for Women's Health has acquired a condo across from DMH and Columbus Endocrine Consultants is in another park across from DMH. This is on the heels of a year in which a number of other vacant spaces in the area have been absorbed by moves including Nationwide Children's Hospital's presence in the hospital MOB.

So, with this submarket looking a lot less bleak than in recent years, Riverside Radiology and Interventional Associates has partnered with Hplex to propose a 29,800 square foot new build directly across DMH. The proposed rents are $16.95 per square foot, which includes a robust $60 per SF in tenant improvement allowance. The property includes 5 parking spaces per thousand square feet.

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