Buying or Leasing? How Chiropractors Can Find the Best Deals
to-day, you are most likely going to get taken advantage of,” Reilley says. He sees three areas where chiropractors and other health care providers can easily make mistakes. TAKING A DIY APPROACH Completing a lease or sale without a broker poses daunting hurdles. Office space markets are complex, and it’s impossible for a newcomer to know what prices, rates, and concessions they should be getting. Determining what is fair is difficult, and meaningful details such as tenant improvement allowances range widely from location to location.
lease with unfavorable terms,” potentially costing them hundreds of thousands of dollars over a 5–10-year lease.
OVERBURDENING YOURSELF Reilley says health care providers who try to manage contract details, buildouts to prepare new space, and other complicated real-estate processes risk losing focus on their most important priorities, including caring for patients and keeping their practices running smoothly. CARR brokers and agents offer free evaluations of office- space leasing and purchasing opportunities for health care professionals considering a move. That includes helping providers assess and compare the demographics,
ALLOWING TOO SHORT A RUNWAY Most providers looking for a new office space need 12–18 months of lead time before their previous lease expires. This gives their broker time to find potential properties, negotiate lease or sale details, perform due diligence, and complete any buildout needed to prepare the new space for patient care. Planning too short a timeline risks creating so much time pressure that “the tenant has no other option but to sign a
visibility, traffic counts, competition, and other variables for different options. “We do this day in and day out, and we talk to sellers and landlords and negotiate the best terms possible for clients,” he says. “There’s no need to go it alone!”
Andrew can be reached at 910.500.9442, or shoot him an email: andrew.reilley@carr.us.
CARDINAL COOKIES FROSTY GINGERBREAD GIFTS MENORAH MITTENS PEPPERMINT PINECONES SAGITTARIUS SNOWBALL YULE
HAVE A LAUGH!
Made with FlippingBook Ebook Creator