Commercial Property – How to Find The Right Space for Your Business
Lease or Buy?
You may have a checklist the size of your arm and have a great idea of where you want your commercial property to be, but do you now look to lease or buy? It’s a tough choice which will mainly depend on your budget. Many experts will tell you to look for a commercial office for lease as opposed to buying one; and the same with shops. Why? Because you can get out of a lease easier than trying to resell a commercial property. Even six-year leases will have break clauses or the ability for you to move the lease onto someone else. However, buying a property for the right price means worrying less about certain outgoings – and you could even turn a profit if the market changes.
Weigh up the pros and cons of both buying and leasing, before making a decision. You can also rent a desk, something which we’ll cover further on. For now, let’s look at some of the best ways to find commercial property whether you want to buy or lease.
Commercial property – How to find the right space for your business – Next up: Auctions, new builds and renting a desk…