Is your space is outdated? Does it need improvements like new paint, flooring, and cabinets? It may be time for a fresh look. A lease restructure allows you to leverage new economic factors and mitigate risk. Renegotiating the right lease terms can minimize a practice’s overhead and improve cash flow.

Even if you have no desire to move locations, concessions based on your needs can be negotiated during the lease renewal period, including free rent, a lower base rate, lower annual escalations, and tenant improvement dollars, giving you savings to invest back into your dream practice.

Do you have space or location challenges? Does your patient volume match the size of your office? Is your location convenient and ideal for patients? If your space is too big, too small, or has location challenges, you might consider relocating.

Increasing location efficiency, moving to an area with favorable demographics, and limiting risks that could jeopardize your practice can act as profit multipliers. A better space and address, with minimal cash out of pocket, could help you gain renewed enthusiasm and jump-start your practice by attracting new patients.

Does your lease expire in less than 2 years? If you are planning on staying in your space or will consider relocating, time is leverage and leverage is money. The decision to buy, renew your lease, or relocate is based on your business plan and market analysis. Start the process now to allow time to gather intelligence, find the perfect space if needed, and negotiate favorable terms.

Rent is typically one of a healthcare practice’s highest fixed expenses. It is also the most negotiable. We will review your lease and offer unbiased advice while identifying opportunities to impact profitability and mitigate risk. Even if your renewal option is more than 2 years out, we can discuss a strategy so you are ready when the time comes. Contact us to request a FREE lease review.

Do you want to expand your practice? Do you have satellite locations? Are you interested in expanding into multiple markets? Do you have plans to add a new location or provider?

The reality of adding a new office with nominal capital expenditures could help you exponentially grow your practice with confidence. When expanding your practice, it is important to find the right location with the ideal property to support your vision. Then, it is imperative to take full advantage of the opportunities afforded in today’s commercial real estate market, that if negotiated correctly, can start your new office on the path to profitability.

Do you want to purchase a building or land? Would you like to own your existing building? Are you interested in diversifying your personal savings by investing in property or land?

As you reflect on your business plan and personal goals, timing of the commercial real estate market with your financial stability may positively position you to buy your space, another property, or land for building. Making this permanent investment gives you more control over your future and saves money in the long run.

Do you want to start your own practice? Make your dream practice a beautiful reality. Finding the right location and property is critical to the overall success of your new practice. Considering potential growth and future plans ensures you have the most efficient space possible, with flexibility to expand.

Real estate is not just another line item on a balance sheet. When optimized, it can positively impact your profitability and improve patient care.

Contact us to request a FREE Healthcare Real Estate Evaluation.