Leasing vs. Owning a Commercial Space

Leasing vs. Owning a Commercial Space

blog, commercial offices
Investing in a commercial space can be an overwhelming task, especially for someone looking into commercial real estate for the first time. Terminology is thrown around and not always explained. One of the most common questions regarding commercial real estate is, “What is the difference between leasing and owning?” The basic differences between the two is very simple; the complexity lies in the details of the two. Leasing an Office Space Leasing a space is essentially like renting a residential property. Each month, the tenant pays the landlord a certain predetermined amount of money for rent. In exchange, the landlord carries many of the responsibilities of property management such as maintenance and purchasing building insurance. Additionally, in the short-term, leasing is much more cost-effective than owning for many companies, especially…
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