What is a dentist?
Dentist examines and treats diseases and injuries of teeth and gums. Performs preventative and maintenance dentistry and educates the patient in proper tooth and gum care. Being a Dentist recommends braces or surgery to correct any malformations. Requires a doctorate degree in dentistry, either a Doctor of Dental Surgery (DDS) or Doctor of Dental Medicine (DMD) degree from an accredited school. Additionally, Dentist requires a state licensed to practice. Typically reports to a top management. Dentist 's years of experience requirement may be unspecified. Certification and/or licensing in the position's specialty is the main requirement. (Copyright 2021 Salary.com)... View full job description
What is the largest city in Oregon?
Portland is the largest and most populous city in the U.S. state of Oregon and the seat of Multnomah County. It is a major port in the Willamette Valley region of the Pacific Northwest, at the confluence of the Willamette and Columbia rivers. As of 2017, Portland had an estimated population of 647,805, making it the 26th-largest city in the United States, and the second-most populous in the Pacific Northwest (after Seattle). Approximately 2.4 million people live in the Portland metropolitan statistical area (MSA), making it the 25th most populous MSA in the United States. Its Combined Statist...
Factors affecting office rent
The rent can vary greatly as it depends on various factors, including location, size of the space you will be using, amenities, and external factors like the demand. Altogether, those things and more determine a suitable and reasonable rent for an office.
So, how much should you pay for a dental office rental?
The rent for office space is often finalized by negotiation between the landlord and tenant. Don’t be afraid to negotiate. Negotiating the rental with the landlord is important for dentists, because there are many requirements and expenses involved in running a dental practice.
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How much should you negotiate?
See how your offer stacks up to other pay packages and negotiate confidently.
Recent Salary Reports
Below are the most recent dentist salary reports. Employer name has been removed to protect anonymity.
How Much Can Your Dental Office Rent Cost Your Practice?
Dentists pay about 6% to 9% of their income towards rent. The cost per square foot for a dental office greatly varies depending on the city you are in and the location you choose. For example, a dental office in Virginia of around 2000 sq. ft can cost about $9500 a month.
Factors to Consider When Renting a Dental Office
You need to have a clear vision of what you want your dental office space to be. Without a plan in place, it is easy to get daunted with rental agreements. Without proper lease negotiation, you could end up paying rent on the higher end.
Should You Rent or Buy a Dental Office?
You should first take stock of your finances when deciding between renting and buying a dental office space. If you rent an office space, you have the flexibility to move about depending on the neighborhood performance. You do not have to deal with property or maintenance issues as they fall under the owner’s purview.
In Brief: Through 2017, we expect the dental office real estate sector to continue to strengthen across the country, making it more difficult to avoid increases in rents at renewal time for dentists
We also expect landlords to reduce the amount of tenant inducements they are willing to offer dentists at either renewal or startup as their buildings lease up. This analysis outlines how the potential cost savings from renewing the dental office lease now could be up to $127,500 over a 5-year term.
What does this mean for the average dentist in the country today?
Research and data all point to landlords being more bullish over the next few quarters as they manage their buildings which have less vacancy, generally, than at any time over the past 5 years.
What can a dentist do to avoid significant rental rate increases?
Our dental leasing consultants are advising dentists in most markets across Canada and the United States to approach their landlords well in advance of the end of the lease in order to renew the lease on the lower end of the upwards trending rental curve.
Contact us for a personalized office lease consultation with a Cirrus expert!
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What is a lease for a dentist?
A lease is one of the most important contracts a dentist will ever sign. Unless the dentist owns the property, the lease expense is the second largest consistent outlay of a dental office following payroll.
Can a landlord be flexible with dental leases?
Leases contain many traps for unwary dentists. The good news is that a landlord may be flexible. Dentists are advised to work with the right team of advisors who understand the local climate and the intricacies of dental leases.
Can a landlord be flexible?
The good news is that a landlord may be flexible. Dentists are advised to work with the right team of advisors who understand the local climate and the intricacies of dental leases. Do not simply sign on the dotted line.
Who pays tenant representative fee?
The tenant representative’s fee is typically paid by the landlord upon signing the lease. This is very enticing to a cost-sensitive dentist but may cause a suspicious dentist to question the representative’s impartiality.
What is assignment clause?
Landlords may agree to an assignment clause that permits a future buyer of the practice to become an assignee without the landlord standing in the way.
Is dentistry a good job?
Make no mistake; dentistry is an exceptional and rewarding career. Unsurprisingly, it was even ranked as one of the best paying jobs in 2019 by the U.S. World & News Report. But we have to differentiate between associate dentists and practice owners, as well as the salaries that are associated with the two positions.
Who said "show me the money"?
Actually, the famous movie quote from Jerry Maguire , “show me the money!” captures the sentiment of many dental office owners. However, keep reading to know how much they make and a few distractors that eat into their take-home profit.
