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 …

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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 …

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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 …

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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 …

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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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Medical Real Estate in the COVID-19 Shutdown

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 …

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Maximizing Your Negotiating Leverage

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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