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The more experiential, the better for restaurants and shopping centers — but also medical office space?

Getting The Right Mix

A good mix of tenants in a good layout — including access to other specialties — is another important factor in the success of an MOB.

"Medical services are now much more patient-centric, so facility location and design focus more on patient and customer convenience than in the past," said Marcus & Millichap's Alan Pontius, senior vice president, national director specialty divisions. 

"Old-style locations that housed a variety of private practices in a very cut-up independent layout are giving way to modern facilities that house a range of care — wellness, specialty, rehab."

Medical service providers are also considering proximity to complementary services, he said. That would include pharmacies, X-rays, labs and the like, as well as larger medical facilities such as hospitals.