Medical office

Office machinery, clinical tenants

A built-out exam suite is expensive to walk away from, so medical tenants stay longer and vacancy runs below generic office. Altyst underwrites medical office on the full lease-by-lease rollover, with defaults set to how the class behaves.

Rollover, lease by lease

Every lease rolls on its own schedule with its own improvements, commissions, downtime, and renewal odds, exactly as an office deal does. Set the renewal probability to what relocating clinical space really costs a tenant, and the blended turn follows.

  • Lease-by-lease rollover with TI, LC, and downtime
  • Renewal odds you set per lease
  • Recoveries follow each lease's terms
Medical office buildingSample
Anchor practice, expiry Yr 538% NRARenewal 85%
TI on a new lease$55 / SFClinical build-out
Stabilized vacancy8.0%Below office

Defaults that know the class

Medical office starts from its own assumptions rather than borrowed office ones: stabilized vacancy under the office default, a recovery share typical of medical building leases, and a cap rate a notch tighter than generic office. Every default is visible and takes an edit.

  • Stabilized vacancy below the office default
  • Recovery share typical of medical building leases
  • Every default visible and editable
ModeledSample
Lease rolloverTI / LCRecoveriesDowntimeRenewal oddsExit cap

Underwrite your next deal in Altyst

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