Location Selection

For a luxury medspa offering everything from advanced laser treatments to hormone optimization, location can make or break success.

Location Meets Luxury: The Foundation of Blue Lotus Aesthetics

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

For a luxury MedSpa offering everything from advanced laser treatments to hormone optimization, location can make or break success. Sarah Files understood this when she began planning Blue Lotus Aesthetics and Wellness, a premium medical spa in Austin’s growing wellness sector. The Challenge of Finding the Right Space Like many MedSpa owners, Sarah faced the […]

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Why Location Trumps Interest Rates in Dental Practice Success

Business, News, Practice Finance, Real Estate, Starting a Practice, Starting Up / By

While interest rates on dental practice loans fluctuate and can be refinanced later, the location you choose is a commitment that typically lasts 10-15 years. Consider the dentist who paused her practice search due to high interest rates. Shortly after, her ideal location became available—and before the year ended, that space housed a thriving practice owned by someone else. The lesson? You can refinance a loan when rates improve, but you can’t go back in time to secure a missed location opportunity.

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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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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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Maximizing Your Negotiating Leverage

Business, Moving Your Business, Real Estate, Renewing a Lease, Starting a Practice, Starting Up / By

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

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