Expansions
We help growing healthcare businesses navigate office expansions and minimize growing pains.
Healthcare Office Expansion
Growing healthcare practices often find themselves out of physical space to accommodate their growing business, increased patient count and larger workforce.
There are many factors to consider when your healthcare business or practice is growing and needs more space.
What options are there to expand within our current building?
What options exist within the market?
How can we expand seamlessly and provide a consistent patient experience?
Where are our patients coming from, how far are they willing to travel, and what solution provides the minimal amount interruption to our business and patient base.
It’s critical in these circumstances to understand your local market and work with an experience healthcare real estate expert to ensure your growing business doesn’t suffer from growing pains.
Minimizing Interruption
Remember: just because you are expanding, it doesn’t mean your business will be on pause.
Managing real estate strategy, analyzing the market, and coordinating negotiations, design, construction, moving and operational setup are critically important, but are time-consuming and cumbersome processes for healthcare providers whose primary business is patient care.
We alleviate the stress and pressure of managing these decisions and processes on your own.
Our mission is to align with healthcare businesses to provide everything they need to make informed, intelligent real estate decisions and execute upon them.
Experience Counts
Expanding a healthcare office can be a daunting task, yet many healthcare tenants underestimate just how cumbersome the process can be when there is not an experienced advocate helping them navigate the process.
A well-executed strategy can mean the difference between growing and growing pains. The last thing your growing business needs is lengthy, costly delays and confusion for your employees and patients.
Moreover, managing various real estate processes and details can consume vastly more time than many professionals would willingly dedicate to non-caregiving-activities.
Lastly, it’s critical to understand the financial implications inherent to expanding your current space, and compare them against the opportunities to relocate.
Doctor’s Notes
“When we had to quickly renew a mission-critical clinic, our Landlord probably thought they had us dead to rights. JHRE stepped in and gave us the leverage we needed to negotiate aggressively for a good deal. We received a fair rent rate, a free-rent period and a generous refurbishment allowance.”
Ken Idicula, Vivo Infusion
Building Leverage in Expansions
Remember: your Landlord wants you to grow, but their goal is always to maximize lease rates and make their building more valuable.
Landlords love it when expanding tenants:
Don’t have a comprehensive real estate strategy
Don’t hire a Tenant Representative
Don’t fully explore their alternatives
Don’t understand their value in the market
Pay more for space than a new tenant would be willing to pay.
Expanding Tenants should receive the same treatment, concessions and courtship that new tenants receive, yet when they take a D.I.Y. approach to expanding their office, they often do not have the leverage to avoid being taken advantage of.
Want to Know More?
Check out some Frequently Asked Questions about Commercial Real Estate, and review our Glossary of Common Commercial Real Estate Terminology.
Let’s Work Together
We’d love to serve you and your healthcare business.