Market Analysis

When the doctors skipped buying an optometry practice in lieu of starting their own, they got the opportunity to hand select every thing that would go in their new practice, including technology and glasses styles.

From Associates to Owners: How Two Optometrists Built Their Dream Practice

Business, Market Analysis, News, Real Estate, Starting a Practice, Starting Up / By

We were really impressed with the kind of data and information we got whenever we approached Macie,” says Dr. Garza. “Not only did she consider what we wanted, but she also provided detailed demographics for the area. It would be a poor business decision to open within a mile of another office selling glasses. The analysis was comprehensive and exactly what we needed

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Healthcare Real Estate Predictions in 2024 include saving for a building purchase until interest rates come down.

Healthcare Real Estate Outlook: What Practice Owners Should Know for 2024

Business, Market Analysis, Moving Your Business, News, Purchasing a Practice, Renewing a Lease, Starting a Practice, Uncategorized / By

The Texas medical real estate market presents genuine challenges due to high interest rates and low vacancy. Premium locations with critical practice success factors remain difficult to secure. However, this market environment creates strategic opportunities for prepared practice owners: build cash reserves now, maintain flexibility, and establish a relationship with a healthcare-specific real estate agent who can actively scout opportunities before decision points arrive.

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Practice Real Estate Group (PRG) is excited to share that Macie Morris has been nominated for the prestigious 2023 Women Leading Real Estate Award.

Celebrating Macie Morris: A Trailblazer in Austin Healthcare Real Estate

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As Central Texas experiences significant population growth, Austin and its surrounding communities have become increasingly important healthcare hubs. Macie has positioned herself at the center of this expanding market by leveraging in-depth demographic research, consistent communication with healthcare providers, and comprehensive understanding of the unique needs of physician practice owners.

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When Dr. Zamarippa and Dr. Almany reached out to Todd Stanley at Practice Real Estate Group, they were on a time crunch. 

From Associates to Owners: How Two Veterinarians Secured Their Dream Practice Location Despite Multiple Competing Offers

Business, Market Analysis, News, Real Estate, Starting a Practice, Starting Up / By

With strategic patience and healthcare-specific expertise, Todd helped the doctors secure their ideal location, proving that with the right guidance, aspiring practice owners can successfully navigate even the most challenging real estate markets.

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Dr. Cathey and his wife found their first dental office space right at the start of the Coronavirus pandemic.

Expanding Beyond Limitations: How an Established Dental Practice Secured Their Dream Property for Growth

Business, Market Analysis, Moving Your Business, News, Purchasing a Practice, Real Estate / By

As the Catheys continued refining their business approach, they realized a critical truth: to serve the patients on their long waiting list, they needed a bigger office. The vision was clear – a larger dental office space would allow them to hire associate dentists and, therefore, see more patients.

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Dr. Roundy had about 14 months left in his medical office space lease and he needed to give notice to his landlord if he wanted to renew, but he wondered what his other options were.

Expert Guidance Helps Endodontist Optimize Real Estate Strategy While Building Long-Term Value

Market Analysis, Moving Your Business, News, Real Estate, Real Estate Investing, Renewing a Lease / By

This exhaustive exploration of alternatives gave Dr. Roundy the confidence that renewing his current lease was indeed his best strategic move. PRG then negotiated decisively on his behalf, securing several key concessions:

Reducing the landlord’s standard ten-year renewal requirement to just three years, preserving Dr. Roundy’s flexibility for future opportunities
Obtaining a substantial tenant improvement allowance despite the shorter term
Ensuring he could update his entire office with new flooring and modern cabinetry

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Choosing a location: Demographics and Competition

Buying a Practice, Market Analysis, Moving Your Business, Real Estate, Starting a Practice, Starting Up / By

How are demographic studies used to help choose good practice locations? We use demographic studies in a couple of ways to help clients find good locations. The first is breaking down large areas into sub-areas. We then compare those chunks on important demographic variables for the client. We often use variables including but not limited

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