The following post is copyrighted by Austin Tenant Advisors - . Doctors often wonder whether it is better to own or rent their medical office space at one time or another. Owning a medical office building can range from an office condo to a multi-tenant medical office building. The decision to own or lease is strictly a business decision and depends on a number of factors that must be considered. Before making a decision for your medical practice consider the elements below.
Overall renting makes sense if you don’t have the money for the large upfront investment needed to buy, you’re not sure how much space you will need now or in the future, or you don’t want to deal with the responsibility that comes with owning medical office space. If you are more established, want to be in one location for a long time, don’t have plans to grow later on, and you have the financials to take on a commercial real estate investment then buying might make more sense. Keep in mind that this is a business decision and it’s important to run the numbers to determine the best course. Owning medical office space is not for everyone. Don’t listen to everyone that tells you that it’s better to own than rent as everyone’s situation is different. Do you own homework, gather info, and ask a lot of questions that will help you make a decision. If you are still on the fence then consider asking other doctors who own or have previously owned their medical office space. You will benefit greatly from their experiences. If you have any questions about leasing or buying medical office space for sale in Austin feel free to give us a call. The post Buying or Renting Medical Office Space? – Consider These Factors appeared first on Austin Tenant Advisors. via Blogger Buying or Renting Medical Office Space? – Consider These Factors
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AuthorThe experienced commercial realtors at Austin Tenant Advisors specialize in representing the best interests of buyers and tenants in the Search, Selection, Negotiation, and Occupancy of Office, Retail, Industrial & Warehouse Space for lease, rent, or sale in and around Travis, Williamson, Hays, Bastrop, & Burnet Counties, which are the 5 largest counties in Central Texas. We serve the surrounding cities such as Pflugerville, Round Rock, Georgetown, Leander, Cedar Park, Lakeway, Bee Cave, Sunset Valley, Dripping Springs, Buda, Kyle, San Marcos, Burnet, Marble Falls, and more. Archives
November 2020
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