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BUSINESS LEARNING CENTER

 

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Business 101

 

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From the Trenches ... Buying or Renting Office Space

Q.     I have been renting office and storage space for a number of years and now the building is being put up for sale. I use about 40% and three other businesses use the rest of the space. I am considering buying the building but am not sure what I need to take into consideration to determine if it is a good financial decision. What should I look at to help me make a decision?

 

A.        While there are lots of pros and cons, in the current economic times buying could be a good business decision as commercial building market is often under valued.

The first question to address is ... will the building meet your needs for several...


National Association for the Self Employed