Relocations
We help healthcare tenants secure favorable lease terms and ensure a seamless transition during office relocations.
Relocating Your Healthcare Business
There are myriad reasons a healthcare practice or business may consider relocating to a new building or building their own.
Interested in alternative property types (office vs. retail)
Providing care for a new or changing patient population
Your current location is too small for your growing business
Seeking a more efficient layout, or providing more/different services
Desiring to provide a new/different patient experience and brand identity
Whether for one reason or many, relocating your office space is a big decision and can have lasting ramifications if handled poorly or without a sound real estate strategy.
JHRE has extensive experience in relocations, and we customize a real estate strategy to ensure your healthcare business or practice sees the entire market, understands all potential options and alternatives, fully-leverages your tenancy in the market and achieves the best possible economic terms at your new location.
Time is Your Best Friend
When it comes to relocations, time is your best friend. The earlier you start, the greater the likelihood of success.
Allowing ample time to execute a comprehensive relocation strategy means Tenants:
Fully explore the market.
Understand all of the options available to them.
Create leverage and cause Landlords to compete for their business.
Space plan and design a new space, allowing for revisions.
Fully negotiate a lease document.
Allow for construction, move-in and operational set up
If your timeline is tight, a knowledable healthcare real estate expert can help you maximize efficiency and minimize pitfalls and costs. The best strategy, however, is to allow us enough time to customize a comprehensive real estate strategy to your needs and execute it completely.
Level the Playing Field
Your leverage is derived from two primary realities. First, that you are not required to relocate your office and, second, that you have ample time to explore the market and cause Landlords, including your current building, to compete for your business.
Landlords want more than anything to dispose of vacancies in their buildings, and love it when Tenants don’t have a comprehensive strategy to fully explore the market. At that point, they know you don’t have much leverage.
JHRE helps you build and maintain leverage during relocations. We give you the edge Landlords don’t want you to have.
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 Relocations
To build leverage in relocations, the new Landlord must know that you can and could renew your current lease.
Landlords love it when 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
Wait until the last minute
Taking a D.I.Y. approach to relocating your office could result in being taken advantage of by a new Landlord, who is seeking to limit your leverage in the market and maximize profitability for their building and stakeholders.
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.