LoopNet vs Crexi vs CoStar: Best Tool to Find Medical Office Space for Your Private Healthcare or MedSpa Practice
Opening a private healthcare practice or MedSpa means finding the perfect commercial space. This isn't just any office; you need specific layouts for patient flow, plumbing for exam rooms, and proper electrical for specialized equipment like aesthetic lasers or diagnostic tools. Not all commercial spaces are listed on every platform, and what you see for free varies greatly from paid subscriptions. Here is a guide on which tools to use and why, tailored specifically for your medical or wellness venture.
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The Quick Answer for Your Private Practice Clinic Space
Begin your search on LoopNet. It's free to search, covers a wide range of listings, and connects with CoStar data. It's ideal for private healthcare professionals like Nurse Practitioners, Functional Medicine Doctors, or MedSpa owners looking for 800–2,000 square feet. Use Crexi to find more listings, especially if you're in smaller cities or areas outside major metros. CoStar is for commercial brokers and big investors (costing $400–2,000+ per month). It has the most detailed data, but it's not practical for you to subscribe to directly. Stick to LoopNet and Crexi to find suitable clinic space, treatment rooms, and patient waiting areas.
Side-by-Side Breakdown for Healthcare & MedSpa Spaces
LoopNet offers a free basic search, with paid plans costing $130–300/month for full details. It's the biggest public listing database in the US and is owned by CoStar. It works best for finding office, retail, or flex spaces that can be converted into medical or MedSpa clinics. Crexi lets you search listings and get contact info for free. It's strong in western US markets and growing across the country. Its map-based search is easy to use, and it offers some free data tools. CoStar costs $400–2,000+ per month. It's used by commercial real estate brokers who specialize in medical office leasing and institutional investors. It offers the most complete data, including past lease prices and off-market properties, but it's not made for you to find your own clinic space directly.
How to Use LoopNet as a Private Healthcare Tenant
LoopNet's free tier shows available properties, basic size and price, and the broker’s contact details. For most private healthcare practices like a Nurse Practitioner clinic, a MedSpa, or a Physical Therapy office needing 800 to 2,000 square feet, the free tier gives you enough information to make an initial list. Use the filters for 'medical office,' 'office,' or 'retail' (if medical use is allowed). Filter by size and price per square foot. Look for properties that mention existing plumbing, multiple rooms, or strong electrical service needed for exam tables, IV infusion suites, or aesthetic laser equipment. Save your searches and set up email alerts for new listings in your target neighborhood.
When to Work Directly With a Commercial Real Estate Broker for Medical Space
In most commercial leases, the landlord pays the tenant’s broker fee. This means you can get help from a tenant’s broker at no cost to you. A good tenant broker for medical spaces knows about off-market properties (those not on LoopNet or Crexi). They have relationships with landlords who own buildings suitable for medical or MedSpa practices. They can also negotiate on your behalf. If you plan to lease a space for longer than 90 days, especially for a 3-5+ year medical office lease, hiring a tenant’s broker is a smart move. They can help ensure the space meets specific needs like HIPAA-compliant layouts, ADA accessibility, proper zoning for medical use, and negotiate tenant improvement (TI) allowances for your specialized build-out, such as adding sinks in exam rooms or dedicated electrical circuits for medical devices.
The Verdict: Securing Your Ideal Private Practice Location
First, use LoopNet to do your own research and create an initial list of potential medical office or MedSpa locations. Add Crexi to your search, especially if you're looking in smaller cities or areas outside big metros. Once you have a serious list of 3–5 properties, contact a local tenant's broker who specializes in medical or retail (with medical overlay) leases. They can access detailed CoStar data on your behalf, check zoning for medical use, and negotiate better terms than you might get alone. They can also help secure tenant improvement (TI) funds for your specialized build-out. Always, without exception, have a commercial real estate attorney experienced in medical leases review any lease agreement you are considering signing for your practice.
How to Get Started Finding Your Clinic Space
1. Go to loopnet.com. Set your filters for property type (e.g., 'medical office,' 'office,' or 'retail' but verify medical use), size range (e.g., 800-2,000 sq ft), and location. Save your search for email alerts. 2. Run the same search on crexi.com for extra options. 3. For each property on your shortlist, contact the listing broker. Ask for full details, floor plans, and to schedule a tour. During tours, check for existing plumbing, proper electrical capacity, ADA compliance, and potential for your specific patient flow. 4. After touring at least 3 spaces, decide if you want to work with a tenant’s broker for negotiations, especially to discuss tenant improvement allowances. 5. Before signing anything, hire a commercial real estate attorney (preferably one with medical office lease experience) to review the entire lease, including all extra documents and rules.
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FREQUENTLY ASKED QUESTIONS
Is LoopNet free to use?
LoopNet offers a free search tier that shows listings, basic details, and broker contact information. Paid plans ($130–300/month) unlock full property details, demographics, traffic counts, and saved search alerts with more data. For most small business tenants building a shortlist, the free tier is sufficient.
Why do some commercial spaces not show up on LoopNet?
Some landlords, particularly smaller local owners, do not pay to list on LoopNet. Some spaces lease through word of mouth or tenant networks before hitting any listing platform. A local commercial broker has access to these off-market availabilities through CoStar and direct landlord relationships.
How do I know if the asking rent is fair?
Ask the listing broker for comparable lease data in the market. You can also search recent LoopNet and Crexi lease comparables in the same submarket. For a more rigorous analysis, a tenant's broker can pull CoStar lease comp data for free as part of their representation service.
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