If you are just starting your journey in real estate investment, you might wonder what the differences are between commercial and residential property and which will turn a greater profit long term. Though most people are aware that businesses, such as office buildings, apartments buildings, industrial buildings and retail outlets are properties that were designed for commercial use, some residential property could be transformed into a business.
Tips for Leasing an Office Building
As more startups and full-blown businesses grow, they find themselves in need of additional space. Yet, they do not know what the future holds, and therefore are not excited at the prospect of buying real estate. Rather, they are much more interested in leasing an office building.
This is typically a great investment — if it’s done right. There are certain things to always be on the lookout for and to take into consideration before signing any sort of contract. Here are a few tips for leasing an office building to make sure your business remains profitable throughout the lease.