Which is better when it comes to renewal? Re-sign or buy?
If your lease is coming to an end and you’re debating whether to renew or buy, you’re asking the wrong question.
Business
3 Lessons My Clients are Learning Right Now
As a medical entrepreneur, investing in real estate for your office is likely to be the most crucial decision you’ll make during your career. After years of balancing school and life decisions, making another enormous investment in yourself is a huge accomplishment that also comes with a lot of stress.
TI Allowance and Lease Renewal – Why It’s Worth Engaging a Broker
Clients frequently ask me if they can receive money from their landlord to help them update or refresh their space. The answer is yes, and it’s a lot more than you might imagine. The money is known as the tenant improvement (TI) allowance and it’s negotiated by a broker on behalf of the tenant in …
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Austin Market Report Q1 2021
There’s No Perfect Deal, But… With employees still working from home this quarter, traditional office buildings have copious amounts of vacant space. Small offices are now zooming instead of commuting and/or are downsizing as their spaces come up from renewal. Medical office tenants, though, are stable businesses, provide essential services, and are in an excellent …
Dallas Market Report Q1 2021
Silver Lining With employees still working from home this quarter, traditional office buildings have copious amounts of vacant space. Many businesses used the pandemic to press pause on leasing decisions. This has offered a silver lining to medical office tenants, which are stable businesses and provide essential services. Doctors are in an excellent position to …
Houston Market Report Q1 2021
Office Demand Is Low – Here Are The Numbers: A line graph from Co-Star displays the availability rates climbing in office buildings. Leasing volumes were down more than a third in 2020 compared with 2019, as tenants delayed leasing decisions during the pandemic. Low Demand In Office Is Good For Tenants With employees still working from …
How Your Real Estate Choices Affect Your Practice Value
While not often discussed explicitly when searching for a location, the real estate you choose for your practice can have a significant impact on the value of your practice in a sale. Real Estate is One of Your Largest Fixed Costs Real Estate is Typically the second or third largest cost for a practice behind …
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Maximizing Your Negotiating Leverage
In general your leverage in a negotiation is grounded in your next best option. There are, however, several key factors that determine your leverage in any given negotiation. We find that these factors fall into three groups of variables: the market, your business, and your search. Before we get into those, though, it can be …
Your Yearly Lease and Real Estate Check Up
Being smart about your commercial lease can save a lot of headaches and money later, and open up easy-to-miss opportunities. We recommend an easy, four-part strategy: Track Important Lease Dates Many people make the mistake of assuming the only dates that matter in a commercial real estate lease are the start and end date. However, …