Save $100,000+ on Your Healthcare Practice Lease: Expert Real Estate Strategies Featuring Colin Carr, EP 142

Thriving Practice with Tracy Cherpeski

Episode Overview:

In this episode, we dive deep into the world of commercial real estate for healthcare providers with expert Colin Carr. Learn how to make informed decisions about your practice location, whether you're leasing, purchasing, or renewing your current lease.

Key Points:

1. Introduction to Carr, a nationwide commercial real estate firm specializing in healthcare
2. The importance of representation in real estate transactions
3. Why talking directly to landlords during lease renewals can weaken your position
4. The benefits of exploring multiple options before making real estate decisions
5. Factors to consider when deciding between leasing and purchasing
6. How to evaluate your current lease against market rates
7. The potential savings and benefits of working with a commercial real estate expert
8. Why most healthcare providers don't have to pay for commercial real estate services

Notable Quotes:

"If you are having conversations with your landlords directly, you have lost your posture to start with." - Colin Carr

"You should never be talking to your current landlord on a lease renewal until you've gone to market." - Colin Carr

"There's a couple $100,000 that are on the line." - Colin Carr on the financial impact of real estate decisions

Actionable Advice:

1. Always go to market and explore multiple options before making real estate decisions
2. Use a professional representative for lease negotiations
3. Consider both leasing and purchasing options, even if you're leaning one way
4. Take advantage of free resources and evaluations offered by commercial real estate firms

Resources Mentioned:

- Carr website: carr.us

- Free lease evaluation tool on Carr website

- Resources tab on Carr website with articles, blogs, FAQs, and glossary terms

If you're considering a new location, expansion, or lease renewal for your healthcare practice, visit carr.us to find an agent in your area or request a free lease evaluation.

Guest Bio:

​​Colin Carr is the founder and CEO of CARR, the nation’s leading provider of commercial real estate services for healthcare tenants and buyers. Every year, thousands of healthcare practices trust CARR to help them achieve the most favorable terms on their lease and purchase negotiations. Colin has been involved in commercial real estate for over two decades and has personally completed over 1,000 transactions.

Find Colin:

Website

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