subject: Office Rental Or Purchase [print this page] A year ago, the commercial property market has been high demand for both rental of office premises and the purchase of offices. With the advent of the financial crisis in our country, the demand for office space and business centers has declined, as well as decreased demand for office rent . Companies that are on the verge of bankruptcy, trying to look for other options for placing their employees mobile offices, Makati Offices for Rent, the hourly rental offices or workplaces.
Rental office. Buy or Rent.
So, before you decide what will be profitable for a company to take office for rent or buy office space, the head of the firm must weigh the "pros" and "against". This decision will depend on the company's strategic policies and preferences of managers, funds of the company and other factors. Some want to work in his own office and be confident in the future, others do not want to take responsibility for the maintenance and repair of office space and prefer to take the rental office somewhere in a convenient location in terms of accessibility, parking and many other factors. But in order to make the right choice to withdraw your office or to buy, you need to analyze commercial real estate market. Our article will head to figure it out.
Not every company can afford to buy an office, for many the best option - rent an office. Predominantly office can make a purchase, large firms that are at once able to put a large sum of money, or take the credit. Medium-sized companies that have stable cash flows and the bright prospects for the future, may also lay out the money to buy office space, although it will be a significant loss to the budget of the company. For most small and medium-sized companies the best solution - a long-term Makati Offices for Rent in the business center.
Makati Offices for Rent in the business center has clear advantages. First, the landlord will not be limited in size only to office space, because, as a rule, business centers have gyms, restaurants and ATMs, and in terms of providing a range of additional services, rent an office in the business center is very attractive. Second, if the company's staff will begin to grow rapidly, the management company will rent to rent a different, more spacious and suitable for growing the company office . Sell your own office is harder than taking a new office to rent, will have to spend more time gathering all the necessary papers and search for a future owner. Third, if the tenant suddenly raised the rate on office rent , you can easily rent an office cheap, and legal clarity to leave the office to excite the former owner will not. Another advantage of the shot in the rental office - is that you can use all the services a business center, parking, internet access, telephony, security, daily housekeeping, and other important services for the company's budget, which will be paid directly to the owner of the business center.
With all these advantages, the rental office , there is also its major weaknesses. Rental office in business center - is a series of compromises between the proprietor of the business center and the tenant because the tenant will not be able to produce, for example, alterations to the premises of your choice, at its request. To do this he must necessarily consult with the owner of the business center and, possibly, the landlord will not agree to take such a step. In addition, the tenant will not interfere with the policy of the company owner, and rent office for rent , will be forced to use only those services that it offers the owner. Another significant disadvantage of lease - is a constant rise in prices for office rent . All this often turns into a conflict between the owner and tenant. All of these disadvantages add one more: the move from one office to another. hire a new office in the business center requires no additional cash outlay by the tenant. Need to use the services of a real estate manager, in order to take on lease the most appropriate office to spend money on transportation of all things, may have a small cosmetic repairs, the arrangement of leased office , etc.
Meanwhile, his own office for the company - an opportunity to improve the company's image, as well as a reliable and long-term investment, provided that the office has been selected is correct. Because prices are constantly rising, and after a few years, the company can profitably sell it or rent to rent his office at that price, which may offset the cost of buying office for several years. Besides their own property can be used as collateral in the bank, and it is a definite plus for the company's management. If the firm is not enough money to buy a large office or business center, you can buy a small office in a successful business center, and this too will be a reliable long-term investment of their assets.
But with the acquisition of office property has disadvantages. It is clear that the leadership will have to pay a large sum for the purchase of the office, remove it from the company's turnover, or get a bank loan. This can be done only by large and successful company. If a building is purchased to house employees of his own company, you may need to invest more in repairing the building, and in addition, to pay for operating rooms: light, internet access, parking, etc. And the prices for these services is constantly growing. If you buy a business center to make future rent it, then rent offices in the business center may not be profitable for the owner, there is always a risk of an incorrect forecast. By the way, the resale of commercial property often occurs due to mismanagement of its use by the owner. Therefore, if the property is not a core business of the owner, you should contact a qualified technician who can make the correct prediction of the future lease of the building, which wants to buy the company. But it is also associated with considerable costs.
In a financial crisis, companies are trying to minimize costs, and this means that withdraw from circulation a few million dollars for the purchase of an office for them is not possible, so you have to remove offices to rent . Rent office in the business center of the crisis is more profitable for almost all medium and small firms. However, the decision to purchase or lease of office management of the company takes on their own, taking into account not only their money, the preferences, but also the situation in the Makati Offices for Rent.
