Leasing vs. Purchasing Commercial Space
If you’re a business owner, it’s your job to consider your options as you grow and scale. That includes your office space—the brick and mortar location of your business.
What Are the Advantages and Disadvantages of Owning Your Own Building?
You may think that leasing is a better short-term option while buying may be a risk in the beginning but pay off in the short-term. However, this is not always the case (nor the whole story) and will depend entirely on your unique situation.
Things to consider when leasing or purchasing as a business owner in Las Vegas:
- How much capital it would take to purchase
- Lease rate vs. mortgage
- Financing options
- Availability of commercial space in your area
Choosing What’s Right for You
When you work with the Crown Point team, we’ll go over your options to ensure you’re making the best choice for your business. We understand how financing works and can analyze exactly how a lease rate will impact your business vs. a commercial loan. Not only do we have a pulse on the local Las Vegas market for commercial real estate, but we also have a background in general contracting. This means we can provide reasonable projections about tenant improvements and other issues that could impact you as a business owner.
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Let's find your next investment or leasing opportunity. We can help you find the right space for your needs.