Frequently Asked Questions
Everything you need to know about working with Practice Real Estate Group.
About Practice Real Estate Group
Practice Real Estate Group (PRG) is a commercial real estate brokerage exclusively focused on helping healthcare professionals find and negotiate spaces that drive practice success. Founded in 2014 and based in Austin, Texas, we've helped over 1,000 doctors, dentists, and corporate practice groups open successful locations across multiple states.
We guide doctors and healthcare groups through their most critical real estate decisions. Our services include:
- In-depth market research and demographic analysis
- Competitive-practice mapping and analysis
- Site selection and property evaluation
- Lease and purchase negotiations
- Connection to trusted industry partners (architects, contractors, lenders)
- Multi-market site analysis and selection
- Support from initial search through opening day and beyond
Unlike general commercial brokers, we specialize exclusively in healthcare real estate. This means:
- We understand the unique needs of medical and dental practices
- Our demographic analysis is customized for healthcare specialties
- We know what lease terms protect healthcare professionals
- Our agents have deep experience with medical office requirements
- We maintain a network of healthcare-specific industry partners
- We use proprietary tools designed specifically for healthcare practice location analysis
We work with healthcare professionals at all stages of practice ownership, including:
- First-time practice owners: Associates or recent graduates ready to start their own practice
- Established practice owners: Doctors looking to expand, relocate, or optimize their current space
- Healthcare groups: Multi-location practices and corporate healthcare expansion
Our clients include dentists, physicians, veterinarians, optometrists, and other healthcare specialists who want expert guidance in making critical real estate decisions.
Yes, healthcare real estate is all we do. Since 2014, we've focused exclusively on helping healthcare professionals navigate the commercial real estate market. Our agents understand the unique challenges doctors face, from zoning requirements and ADA compliance to the specific demographic factors that drive patient volume for different specialties.
Our services are provided at no direct cost to you. We're paid a commission by the landlord when a lease is signed or by the seller when a property is purchased. This is standard in commercial real estate and means you get expert representation without any upfront fees.
We work with doctors at various stages of readiness. Whether you're just starting to explore practice ownership or actively looking to sign a lease next month, we can provide market analysis and guidance to help you make informed decisions when you're ready.
Location selection should be based on data, not assumptions. We provide:
- Demographic analysis: Population density, age groups, income levels, and growth projections
- Competition mapping: Detailed, in-house, analysis of existing practices in your specialty
- Market opportunity assessment: Areas where patient demand exceeds provider supply
- Site-specific evaluation: Visibility, accessibility, parking, and co-tenant analysis
Our goal is to help you choose a location where patients need your services and you can build a thriving practice.
While no location comes with guarantees, our data-driven approach significantly increases your odds of success. We analyze successful practices in your specialty to identify the demographic and market characteristics that correlate with high patient volume and profitability. Our clients consistently outperform industry averages because they make location decisions based on comprehensive market data.
Competition isn't always bad - it often indicates a healthy market with sufficient patient demand. Our analysis looks at provider-to-population ratios to determine if a market can support additional practices. We help you understand whether existing competition represents a threat or validates market demand.
We work with healthcare professionals across multiple states. Our market analysis tools and methodology can be applied anywhere, and we have a network of local co-brokers when needed. Contact us to discuss your specific market - we've likely helped doctors find successful locations in your area.
Our proven process typically includes:
- Understanding your vision: We discuss your practice goals, ideal location criteria, and business model
- Market research: We conduct demographic and competition analysis for your target areas
- Site identification: We identify and evaluate properties that meet your criteria
- Site tours and selection: We tour properties and help you evaluate each option
- Negotiation: We negotiate lease or purchase terms that protect your interests
- Closing support: We coordinate with attorneys, contractors, and other partners through closing and buildout
Our proven process typically includes:
- Understanding your vision: We discuss your practice goals, ideal location criteria, and business model
- Market research: We conduct demographic and competition analysis for your target areas
- Site identification: We identify and evaluate properties that meet your criteria
- Site tours and selection: We tour properties and help you evaluate each option
- Negotiation: We negotiate lease or purchase terms that protect your interests
- Closing support: We coordinate with attorneys, contractors, and other partners through closing and buildout
Timeline varies based on market conditions and your specific requirements. Markets with limited inventory may take longer, while some clients find their ideal space within a few weeks. We'll provide realistic timeline expectations based on your market and criteria.
Our support doesn't end at lease signing. We continue to assist with:
- Coordinating with architects and contractors
- Connecting you with equipment suppliers and other vendors
- Navigating permit and licensing requirements
- Addressing any post-signing issues with landlords
Many of our clients become repeat customers, working with us again when they're ready to expand or relocate.
Many successful practice owners start by gathering information and understanding their options. We're happy to provide initial market insights that can help you determine if and when practice ownership makes sense for your situation. There's no obligation, and early conversations often help clarify your goals and timeline.
While we can start with minimal information, it's helpful to have a general sense of:
- Your specialty and practice model
- Geographic areas of interest
- Approximate timeline for opening
- Any specific requirements (space size, parking needs, etc.)
Don't worry if you don't have all the details figured out - that's exactly what we're here to help with.
Contact us for an initial consultation. We'll discuss your goals, answer your questions, and determine how we can best support your practice ownership journey. You can reach us at (512) 761-7101 or email [email protected].