How to Choose the Right Dental Property

When starting or expanding your practice, finding the perfect dental property is a critical first step. Here’s how to choose the right dental property to ensure a successful career:

1. Hire a Dental-Specialized Commercial Real Estate Broker

Working with a broker who understands the unique needs of dental practices can make a huge difference. Your broker can guide you through the nuances of dental real estate and ensure you find a space that meets all your requirements.

2. Determine Your Budget

Speak with a lender to discuss financing options and get prequalified. Understanding your budget is crucial, as it can help you decide between leasing or buying and whether you have funds available for tenant improvements. Be sure to consider revenue projections when planning.

3. Identify Your Desired Move-In Date

Start your property search 12-18 months before you plan to move in. This timeframe allows for negotiation, planning, and any necessary build-outs.

4. Choose Your Desired Location

Location matters. Evaluate demographics to ensure there’s a sufficient patient pool and assess the competition to make sure the area isn’t oversaturated with dental practices.

5. Calculate the Square Footage You’ll Need

Think about your current needs and future growth plans. Make sure the space can accommodate your practice now and in the years to come.

6. Consider Accessibility and Visibility

Is the location easy for your patients to find and access? High visibility and convenient parking can greatly impact patient satisfaction and your practice’s success.

7. Decide on Must-Have Features

Dental offices require specialized features like plumbed exam rooms, a welcoming waiting area, and sterilization spaces. Check if the property already includes these features or if you will need to invest in building them out.

8. Review the Lease Terms

When looking at dental leases, consider more than just the monthly rent. Evaluate terms like exclusivity rights, renewal options, and other clauses that could impact your practice in the long run.

9. Assess the Landlord

If you’re renting, it’s important to have a trustworthy landlord. Get feedback from other tenants to understand how the landlord operates and whether they are supportive.

Ready to find your ideal dental property? Contact our dental real estate team today for expert guidance!