When PT owners grow, one of the biggest questions they face is: should I keep leasing or buy the building?

In this video, Dr. Joey Allbritton breaks down the pros and cons of leasing vs. owning your PT clinic space, including:

✔️ The risks of short-term leases and rent hikes

✔️ When buying makes sense as a hedge against risk

✔️ How real estate compares to opening another location

✔️ Tax benefits of ownership (accelerated depreciation, liability protection)

✔️ Why return on attention is just as important as return on investment

Whether you’re a single-location owner or running multiple clinics, this video gives you the framework to decide if investing in real estate is the right move—or if your growth capital is better spent elsewhere.

𝗧𝗶𝗺𝗲𝘀𝘁𝗮𝗺𝗽𝘀

00:00 – Leasing vs. owning: the real question

00:24 – How PT owners are asking these questions

00:51 – The hidden risks of short-term leases

01:19 – Why real estate feels expensive but tempting

01:47 – Hedging risk with long-term leases or ownership

02:17 – The current commercial real estate market

02:46 – The benefit of joining a real PT owner community

03:13 – Case study: clinics buying vs. leasing locations

04:06 – Tax advantages of ownership (accelerated depreciation)

04:34 – Why private equity buyers don’t want real estate

05:28 – The ROI of opening a new location vs. buying a building

05:58 – Build-out costs and the growth potential per therapist

06:27 – ROI vs. ROA (return on attention)

06:55 – Why real estate requires more focus and management

07:24 – When interest rates make buying less attractive

07:53 – Why leasing often wins for growth-focused PT owners

08:21 – The “index fund vs. real estate” comparison

08:48 – The realities of managing commercial real estate

09:14 – Why Skool community questions drive these conversations