Tools for Reducing Your Real Estate Costs

IN A PREVIOUS ARTICLE written for this publication earlier in 2009, our real estate team presented several ideas to help an urgent care operator reduce their real estate operating costs. This year I would like to expand on these ideas and present several tools that can be used to help gather, organize and analyze information that can affect your real estate costs. This article will focus on three areas that can produce cost savings:

1. Review of additional rent charged by the landlord

2. Renegotiation of existing lease terms

3. The relocation to a property that is being offered at distressed terms

Urgent care operators or their service providers who take the time to gather market information and organize and analyze this data will find that they will be rewarded with savings and improved negotiating posture with their landlord.

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