Georgetown, Texas has surged from 68,293 residents in 2020 to 104,721 in 2024—a remarkable 53.34% increase.
Georgetown, Texas: An Emerging Opportunity for Healthcare Practices Read More »
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.
Healthcare Real Estate Outlook: What Practice Owners Should Know for 2024 Read More »
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.
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
Choosing the right location is vital to the overall success of your practice. Why are more and more health and wellness providers choosing retail space? Is it the right choice for you? Most medical providers traditionally have utilized office space or standalone buildings and condos for their practices. Today, it seems like there are providers
Choosing Real Estate For Your Practice: Is Retail Right for You? Read More »
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
Choosing a location: Demographics and Competition Read More »
This has been quite the couple of weeks – a good reminder to be kind to one another and that we never know what’s coming down the pipe. At Practice Real Estate Group, we lean on our values in good times and bad and are here to make sure our clients make smart real estate
Medical Real Estate in the COVID-19 Shutdown Read More »
Deciding whether to move to a new space or to renew your current lease can be a challenging decision for even the most experienced business professional. It can also have a huge impact on your business. Ideally you have at least 18 months before your lease is expiring. Creating a plan of action well in
Moving to a New Space vs. Renewing Your Lease Read More »
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
Maximizing Your Negotiating Leverage Read More »