Celebrating Macie Morris: A Trailblazer in Austin Medical and Dental Real Estate
Practice Real Estate Group (PRG) is excited to share that Macie Morris has been nominated for the prestigious 2023 Women Leading Real Estate Award.
Leases
Two Veterinarians Join Forces to Start a Practice and Win a Space Despite Multiple Offers and a Time Crunch
Dr. Zamarippa and Dr. Almany were in a time crunch. The veterinary clinic that they were practicing at had just been bought by a larger company and the doctors had a deadline by which they needed to re-sign, start applying for other jobs, or start their own practice. The two wanted to step out on …
Experienced Endodontist Renews Medical Office Space While Leaving a Door Open for a Future Move
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. Do I want to stay or am I missing out? Should I move to a medical office condo? Should I …
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.
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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