5 Things to Consider Before Negotiating a Healthcare Real Estate Deal
Originally posted in Chief Healthcare Executive
What’s flexible about healthcare real estate? Whether you’re leasing new office space or renewing your current lease, you have a say in the economic terms, such as the length of the lease, as well as desired concessions, including tenant improvement allowances, free rent periods, your actual lease rate, annual rate increases, any build-out periods, and many other provisions.
Each one affects your bottom line. But the majority of corporate tenants and healthcare practices simply don’t have the time and expertise in commercial real estate to make the most of these negotiations—most view real estate as a necessary evil rather than an incredible opportunity to increase profitability, reduce expenses, and improve the quality of their patients’ experiences. Read on to find out what you need to know to plan ahead and achieve significant savings in your next commercial real estate transaction.