Owning versus Renting

Discussion in 'Buying & Selling Real Estate' started by Corzhens, Nov 12, 2015.

  1. JR Ewing

    JR Ewing Super Moderator Staff Member

    Joined:
    Feb 2014
    Posts:
    4,950
    Likes Received:
    39
    Generally speaking, if your business is highly mobile, it may be better to lease office space. A business or part of a business that mainly provides services such as legal, financial, accounting, staffing, IT, real estate brokerage, etc can be moved around quite easily with minimal time, effort, and headaches.

    If a business or segment of a business has lots of hard assets on premises that make it hard to move around, it may be much more risky to lease property. Retailers, gyms, casinos, car and truck dealers, heavy equipment operators or dealers, etc come immediately to mind.
     
  2. kgord

    kgord Senior Investor

    Joined:
    Aug 2015
    Posts:
    617
    Likes Received:
    1
    I am sure the vast majority of business owners rent a space. Sometimes those who are in small strip malls find their rent continue to go up year after year however, to the point it is unaffordable. A friend of mine had to close down her business because the rent would become so much higher every year. It became absurd.
     

Share This Page