Every medical business needs space, but have you ever though of how your space can contribute to the bottom line of your business?
The situation of COVID-19 has impacted individuals and businesses in different ways across the board, but one segment of the market that continues to thrive is medical professions including dental and family medicine. If you run a business in this field, here are a few reasons why now is the time to re-evaluate your space needs:
- Interest Rates are at historical lows and banks are eager to lend to dental and medical professionals. With retail buildings becoming available for lease or sale, this is a great time to consider your options to build your real estate portfolio while lowering monthly costs.
- Landlords are motivated to negotiate existing rent or renewals based on high levels of vacancies. We have had recent success with lease renewal negotiations, securing greater concessions including free rent and refurbishment dollars.
- Realtor Fees are paid by the building owner or seller in a transaction. This means that services for professional assistance in finding new space or re-negotiating your current space are available to you for “free”.
Take advantage of this rare opportunity to secure space while the market is still soft. We are the first step in the process to finding more affordable space and with you every step of the way, and we have access to off-market opportunities that exist to purchase or lease a building in desirable retail areas. Contact us today to find out how we can help you.