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.
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.
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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
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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
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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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Understanding how to profitably run your practice is the first step; determining the best way to utilize your income for long-term wealth is the essential next step.
Real Estate Investment Options for the Medical Professional Read More »