Finding the right dental office for rent in Dallas takes research and persistence, but the right location makes a huge difference.
Medical Real Estate Focused Team
Industry Leading Demographics
Hundreds of Successful Clients
So, you’re thinking about space for your practice in Dallas – exciting! Navigating the commercial real estate market is a little different than the residential one, so we’ve created this short guide of tips and key pitfalls to avoid while trying to find a dental office for rent in Dallas.
Where can you find a dental office for rent?
Commercial Real Estate Agents
Commercial Real Estate Agents use their local market knowledge and relationships alongside databases of properties to find and screen available properties for their clients.
Most commercial real estate agents specialize on either landlord representation or tenant representation. We almost exclusively represent medical tenants, the majority of which are dentists looking to find a dental office for rent.
Hit the Street
Driving areas you are interested in can be a good way to get a feel for what is out there on the market. When trying to find a dental office for rent in Dallas, you’ll want to be sure to take note of the existing practices that are nearby.
There are dozens of beautiful and commercially viable neighborhoods in Dallas that have the potential to serve as great locations for your dental practice.
Central Dallas is anchored by the downtown area which is a dense collection of retail, office, and residential spaces in the heart of the city. The area includes the West End Historical District, Main Street District, City-Center Business District, and Knox/Henderson.
East Dallas includes several chic areas close to downtown such as Deep Ellum, Lakewood, and Wilshire Heights.
South Dallas is a popular location for entertainment and nightlife in Dallas, and represents some of the least developed land in the city.
In addition, there are a variety of other neighborhoods throughout Dallas with the potential to help your practice reach valuable patients
Keep in mind, if you go to a landlord’s broker directly without representation, the landlord’s broker simply keeps the entire listing fee from the landlord instead of splitting the fee with an independent agent of your choosing.
Some landlords won’t pay a tenant agent (your agent) if you’ve discussed a space in depth with them on your own previously. This can make it tricky to bring in outside representation later.
There are several listing services that are available for free online. They are less comprehensive than the paid databases, and are often less frequently updated. Searching through them is a great way to get a feel for what you like and don’t like in commercial properties, but can be a hard way to find a dental office for rent. Take note of any property features or amenities that strike you as important for your practice.
Dallas Dental Demographics
With an estimated 2018 population of 1,345,047, Dallas is the 9th most populous city in the United States and the 3rd most populous city in Texas. It is also the seat of Dallas County. The Dallas-Fort Worth Metroplex includes an approximate population of over 7.5 million residents making it the fourth largest metropolitan area in the U.S.
41.4% of Dallas’s population is Hispanic.
The median resident age in Dallas is 32.7 years old, slightly below the Texas median resident age of 34.5 years old.
Estimated median household income for 2016 in Dallas stood at $47,243, below the average for the state of Texas at $56,565.
Dental Real Estate in Dallas
Like any major city, commercial space can come at a premium. Costs per square foot can be quite high and occupancies rare in the most competitive neighborhoods. For these reasons it is vital to have a well-rounded understanding of the many factors that go into selecting an ideal location for your dental or other medical practice in Dallas.
Get the benefits of agent representation at no cost to you
A commercial real estate agent specializing in medical leasing can help you to consider all of your options and select the perfect location that both fits within your budget and satisfies all of your business needs.
Best of all, commercial landlords typically pay the entire agent fee when finalizing an agreement. Why not take advantage of the benefits of enlisting qualified professional agents that will help you to get the best deal on the right property.
Ways to offset lease expenses in your dental practice
Although the rent for your Dallas dental office may seem to take up a large part of your expenses, there are several ways you can help bring those costs down.
Consider renting out an operatory to specialists wishing to do work for patients in your area. Keep non-profit-producing space to a minimum. Efficient scheduling practices can help to eliminate the need for a large waiting space. Or, consider whether a similar but less expensive neighborhood would be a better deal for the bottom line.
Lease costs for healthcare real estate in Dallas can be expensive, but there are enormous opportunities for great dentists who start their practices off right with the perfect location.
Ready to find a dental office for rent?
We do the heavy lifting of combing through property databases and running demographics and competition reports for you. We work exclusively with medical clients, so we know how dental practices work and what it takes to be successful. Use the form below to get in touch and we’ll reach out shortly.
Dallas has a strong Dental Community.
Here are some useful links and groups to help you get started: