Medical Office Tenant Improvements Costs in San Diego

Medical-office-appraiser-san-diego-countyAs the leading commercial real estate appraisal firm in San Diego, IRR San Diego has provided valuation services for numerous medical office properties throughout San Diego County and surrounding areas. As valuation experts, we also have experience in appraising proposed medical offices, which involves analyzing the cost of medical office tenant improvements and determining how the tenant improvements (or TI’s) contribute to the overall property value.

Over time, we have amassed data regarding the cost per square foot of tenant improvements, which we offer today for our readers. Please see below for information on the cost to build out certain types of medical office space (sorted by date).

IRR-San-Diego-Medical-Office-TI

Generally, the cost to improve a property for medical uses ranges from $80 to $240 per square foot. General practitioner space tends to be at the lower end of the cost range, while surgical center build out tends to be at the higher end of the range.

We hope you that you find this information helpful when determining the cost and contributory value of medical office tenant improvements. If you have any questions or needs concerning medical office appraisals in San Diego County, please contact us today at (858) 259-4900 or sandiego@irr.com.

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