Thu 17th May 2012, 16:42
Buy Office Space vs Rent Office
Do you think that buying an office is a good thing these days and a good investment instead of rent an office.
Fri 18th May 2012, 03:35
It depend on usage. For new setup office, it is good to rent a office, because no one know how long the business last. Secondly it give a great mobility to move office, upgrade office or setup a new branch.
Usually business owner plan to buy an office, once they have stability in cash flow, client and staff.
Fri 18th May 2012, 04:21
Well both of them have an advantage, renting is good if you're business is not in temporary location.
Fri 18th May 2012, 16:08
I think renting an office can give us greater control over cash flow as rent tend to be fixed while mortgage payment may be affected by mortgage issues and if you are going to buy premises, you'll need to sink some capital in building and may be take out a commercial mortgage as well which may affect the profitability of your business for some time and tends you for borrowings increasing your responsibility to take extra care of premises.
Mon 21st May 2012, 03:39
rent. it's easier to transfer if u grow your company bigger of move to a new zone.
Wed 23rd May 2012, 17:14
renting an office is probably the best way to start off - i think they start at $400/month in canada
Wed 23rd May 2012, 18:49
I'd say it depends on property taxes. No point buying if you're going to get slammed hard in the taxes area.
Tue 21st Aug 2012, 15:08
During these economic times I would recommend renting an office space. Although I strongly believe that property is one of the safest long term investment options, a business needs to be flexible with regards to short term demands. With the economic market in constant flux, its preferable that you can alter your office space needs in order to minimise expense and to make business operations more efficient. Shared offices offer even more flexibility, as the length of contract as well as office services and equipment can be tailored to suit business needs. For example Instant Offices offer a range of cost efficient and flexible serviced office options.
Tue 21st Aug 2012, 18:33
it will be good to buy the units if only you have huge flow cash. However, it will be better to rent the unit if you dont have big fund