To determine what is a good or average lease rate in your area, consider the following:
Research the local real estate market: With the help of a healthcare real estate Agent, you can look at resources such as commercial real estate databases, MLS systems, local real estate publications, and news sources to get an understanding of the local real estate market and trends.
Consult a commercial real estate broker: Brokers can provide valuable insight into the local real estate market, including average lease rates and market trends.
Look at comparable properties: Your healthcare real estate agent can help show you properties that are similar to the one you are considering, in terms of size, location, and features. This will give you an idea of what other businesses are paying for similar spaces.
Consider the local economy: The local economy can have a significant impact on lease rates, so be sure to consider factors such as the local job market, population growth, and economic conditions.
Negotiate with the landlord: Once you have a good understanding of the local real estate market and what other businesses are paying for similar spaces, your agent can use that information to negotiate a fair lease rate with the landlord.
It’s important to keep in mind that lease rates can vary greatly depending on the specific location, so it’s essential to do your research and consult with an expert agent to get an accurate idea of what a good or average lease rate is in your area.