Benefits of Leasing
Commercial Office Spaces
Do you want to establish a workspace for your employees and a home base for your business? Leasing commercial office space will give you both and deliver immediate and long-term benefits for you and your team.
Increased
Flexibility
Renting your commercial property allows you to easily move out if the space no longer serves your business down the road. You still have the option to renew your lease, or you can find another property that better accommodates growth or demographic shifts that might necessitate your move. Depending on your lease agreement, you may be able to expand or downsize your square footage, too.
Increased
Flexibility
Increased
Flexibility
Renting your commercial property allows you to easily move out if the space no longer serves your business down the road. You still have the option to renew your lease, or you can find another property that better accommodates growth or demographic shifts that might necessitate your move. Depending on your lease agreement, you may be able to expand or downsize your square footage, too.
Fewer
Responsibilities
Your list of responsibilities is much shorter when you rent office space. Maintenance issues are resolved by your landlord or property manager, so you don’t have to sacrifice your time and money. Hired staff handle cleaning, lawncare and other day-to-day heavy lifting. Taking those tasks off your plate allows you to focus on your company and maximize your business operations. You also don’t have to worry about managing amenities such as security and parking but still enjoy the perks of using them.
Fewer
Responsibilities
Fewer
Responsibilities
Your list of responsibilities is much shorter when you rent office space. Maintenance issues are resolved by your landlord or property manager, so you don’t have to sacrifice your time and money. Hired staff handle cleaning, lawncare and other day-to-day heavy lifting. Taking those tasks off your plate allows you to focus on your company and maximize your business operations. You also don’t have to worry about managing amenities such as security and parking but still enjoy the perks of using them.
No Down Payment
Purchasing office space comes with large upfront costs and ongoing mortgage payments that not every business can afford. Leasing eliminates those expenses and allows you to put your money toward other aspects of your business while still enjoying a workspace of your own. You can allocate your extra capital to growth, marketing and other efforts to improve your business’s visibility.
No Down Payment
No Down Payment
Purchasing office space comes with large upfront costs and ongoing mortgage payments that not every business can afford. Leasing eliminates those expenses and allows you to put your money toward other aspects of your business while still enjoying a workspace of your own. You can allocate your extra capital to growth, marketing and other efforts to improve your business’s visibility.
Is Leasing Office Space
a good investment?
Opting to rent instead of buy is a preferable option if you want to set up shop quickly without investing a large amount of upfront capital. You may also wish to lease commercial office space if you own a small business but plan to grow over time. Leasing allows you to give your business a place to gain traction without all the responsibilities of managing an entire property. You don’t have to worry about incurring massive costs and can enjoy tax benefits such as deducting lease payments.
Frequently Asked
Questions
Whether you’re looking for a quick answer for more extensive insight, we have answers to common questions about commercial real estate brokerage services.
Should I buy or rent office space?
Leasing office space is a better option if you want flexibility and lower upfront costs. You may also wish to rent office space if you have plans to grow or move once your lease expires.
What does a commercial real estate property manager do?
You can lease your commercial land for temporary use such as storage, signage and parking lots. Leasing to other developers is another way to generate revenue from unused land.
Why should I partner with a property management company?
You can’t build equity when leasing land, so you can’t benefit from the asset’s appreciation over time. Some contracts may include periodic rent increases, too, increasing your operating costs. You may also be subject to maintenance responsibilities and early lease termination depending on the property owner and market changes.
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