Occupancy costs when leasing are one of the highest costs for physicians.  Considering the percentage of your revenue that gets allocated to your space, it is imperative that you negotiate from the best position possible when either entering into a new lease or renewing an old one.  Healthcare Real Estate Advisors (HREA) is here to represent you through the process.

Professional buyer and tenant representation is very cost effective. The monetary savings, market knowledge, time considerations, vendor contacts, and transaction experience can be a tremendous benefit for you, and the cost is generally free. The landlord’s agent, who represent the landlord, share their fee with us when we represent you. They expect and appreciate that experienced business people will have professional representation.

Timing is critical to a successful lease negotiation. We can move quickly and have helped clients with office moves and other transactions very quickly; however, you should generally engage us twelve months in advance, but at least six months or more prior to d-day. The more choices and time you have, the better. The time for analysis, reviewing choices, touring space, negotiations, space planning, space build-out estimates, permits, construction, financing, inspections and other matters can take more time then you might expect. Depending on the size and other considerations of your mission, we will immediately establish a time line to help keep the process on track.

Market Knowledge, Site Selection, and the ability to decipher complicated leasing documents (Your Commercial Real Estate Lease Parts 1 and 2) make a professional Tenant Representative incredibly valuable throughout the process.

Communication with your advisor and your team throughout the process is critical to your success and MyHREA is specifically designed for your advisor to communicate with your team (Attorney, Staff, Partners, etc.) and deliver information like market studies, property choices, demographics, site plans, letters of intent, and lease documents to everyone in an instant by utilizing the latest internet and telecommunications. Technology and efficiency will save you time and money.

For more information and a customized plan contact HREA at 404-477-2044 or email info@MyHREA.com for a free consultation.