Community News and Insights

Community News and Insights

Renting Vs. Buying Your Office Space

Sacha R - Friday, September 08, 2017

Rent or Buy

As a business owner, you want to do what is best for your business and yourself. One aspect of your business to consider is whether you should buy your space or if it would be more beneficial to rent an office. Weigh your options before making a final decision with our list!

The Pros of Renting an Office

Location: Renting an office allows you to move when the time comes and you don’t have to be concerned with selling. Working with a rental office gives you the opportunity to pick a place where your business will flourish while giving you the opportunity to decide what community you want to be part of.

Less Stress: As with any form of ownership there is a lot of stress and headaches associated with owning your office. Any sort of maintenance cost is solely your responsibility. Whereas with renting an office, if there is maintenance needed you have a team who handles it for you. This allows you to focus on your business and offers you more time to complete the tasks at hand.

Costs: As opposed to buying your space, there are less upfront costs associated with renting. When buying, there are costs associated with appraisal, inspections, down payment and possible improvements needed for the property.

Flexibility: While renting your office, you have the ability to move to a new space once the lease agreement comes to an end. This is especially beneficial if your business gains more employees and you need a large space. Owning your space doesn’t give as much flexibility. You can certainly move, but, you will also need to sell the empty building. Having an empty building that isn’t selling can certainly cause a business owner a lot of stress.

These are only a few of the many reasons why renting and office can be more beneficial for you as well as your business. Rosetti Properties has many office spaces as well as retail spaces throughout the Capital District. No matter your business, or size, you’re sure to find something you love while working with Rosetti Properties. Contact our office today to find your ideal space!