subject: About Leasing Canadian Office Space [print this page] The Canadian commercial real estate market is now going through doldrums, that can any time collapse or anytime rise up the curve. The rise in the market of commercial real estate is still uncertain due to the low performance in the stock market. However, businessmen from all fields world wide are trying to withstand the sudden storm by minimizing their business investments. New businessmen in Canada are looking for Canadian office space for lease, apprehending another crash in the stock.
No matter whatever be the situation going on, we all look forward to enhance our business growth. I understand how difficult it is to predict the future of a newly set business. Therefore, let us stop a large investment at the preliminary stage so, instead of buying an office space we can look for a Canadian office space for lease.
At the very beginning, if you make a large investment in purchasing a commercial real estate, then you will face a very hard time in investing in your business growth. Most of us prefer to take a loan to own an office, in that case you exhaust the opportunity to get another loan for improving your business output in the future. It is not because you cannot get more than one loan but because of investing in your business and trying to settle down with your loans simultaneously can be a huge burden.
Advantages of Leasing Canadian Office Space:
You will not have to make a large investment just at the beginning of your business. Instead you can save that money for the growth of it.
You can anytime move out of one office to another office for lease depending on your business requirement whereas in case, you purchase it then it will not be that easy to quit the area.
In case you fail to reap the expected business returns then at any point you can just leave the Canadian office space.
You can choose an office for lease that will suit your budget. You might not be in the same financial capability for the rest of your life. Therefore you can change your business set-up in accordance with your afford ability.
Ownership comes with additional burden and headache. Therefore you can avoid the extra trouble by leasing Canadian office space.
You can anytime find an office for lease at your favorite location easily but purchasing one can be little difficult.
When you are finally selecting a Canadian office space, then check out what are the facilities and conditions for leasing it.
Few Questions To Ask:
Understand how much is the rent and what are the things included in the rent.
How soon can your rent increase and to what extent?
When will the renting period expire? Can you extend it? How long can you extend it?
Are you allowed to use the garage and parking space? If yes, then how many vehicles are allowed? Remember that you want an office for lease. Hence you expect there will be few people working for you. They might come to office in their own cars or bikes. So you are the person responsible for arranging a spacious parking place that would be used by your employees to park their vehicles.
Plan out the business requirements before you start arranging for it. That way you can manage your out-of-pocket expenditure better.
