Laurel Maryland Medical

Office Space Gets Top Dollar 

Ten years ago our office was in Laurel. Marty even got the nickname “Mr. Laurel”. We have leased and sold many units in Laurel Hospital’s Medical Arts Pavilion. Recently we settled the largest unit in the property. Suite 110 sold for approximately $240 per square foot.

Most medical office condos, Medical Arts Pavilion office condos, and office condos in general are one-half to one-quarter this units size. Like most medical condos it had improvements that are expensive to install and it had some very specialized rooms and improvements. There were only a handful of medical practices in Laurel that were large enough to consider this space home. Over time and an ever changing real estate market one group presented itself as the obvious buyer. The final deal, like many patients, required a second opinion.