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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Choosing Real Estate For Your Practice: Is Retail Right for You?
Choosing the right location is vital to the overall success of your practice. Why are more and more health and wellness providers choosing retail space? Is it the right choice for you? Most medical providers traditionally have utilized office space or standalone buildings and condos for their practices. Today, it seems like there are providers …
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Choosing a location: Demographics and Competition
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 like the total …
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Moving to a New Space vs. Renewing Your Lease
Deciding whether to move to a new space or to renew your current lease can be a challenging decision for even the most experienced business professional. It can also have a huge impact on your business. Ideally you have at least 18 months before your lease is expiring. Creating a plan of action well in …
Real Estate Investment Options for the Medical Professional
As a driven and accomplished individual, you spent many long hours working while your friends played. You graduated top of your high school class, studied hard in college, made it through the rigors of medical school and residency, and worked as an associate of a practice. Now you own your own practice, as a solo …
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