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| Longevity: Start-up companies or those that are likely to relocate within the next 10 years should lean towards the flexibility of leasing space. |
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| Flexibility: Leasing space may provide a business with more flexibility as office space needs change. |
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| Responsibility: Business owners should take into account the added responsibility that comes with owning a building. Leasing space allows an owner to focus more attention on their company’s performance instead of utilities, repairs, and remodeling. |
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| Longevity: If your company is established and plans to keep your business in one location for at least 10 years, then purchasing your own building may be the smart choice. For a growing company, it may be wise to purchase a larger building and sublease any excess space that could be expanded into in the future. |
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| Building Requirements: If your business location has a number of unique requirements, constructing your own building could be a wise investment as opposed to the high cost of reconfiguring leased space. |
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| Tax Advantages: Purchasing your own building will result in more fixed expenses and overhead costs, as well as a number of tax advantages. See your tax advisor about your specific tax situation. |
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