How Commercial Condos Benefit Small Businesses

MEDICAL OFFICE PROPERTY How Commercial Condos Benefit Small Businesses Take Charge Of Your Future Renting a space won't be getting any cheaper any time soon . Most experts believe that even though the market may slow down shortly , prices will continue to rise . Small firms and entrepreneurs may find it more challenging to follow their passions while maintaining profitability due to rising company costs . Affordability What is the appeal of a business condo ? You are not required to buy the entire structure . Since commercial real estate is typically purchased and sold on a property basis rather than a suite basis , the entry cost is frequently higher than most small firms can reasonably afford . However , the price is significantly reduced if only one suite in a building is purchased . Tax Advantages You won't receive nearly as many perks from renting business space as from owning the property . Business owners who own condominium units can deduct property taxes , interest , assessments , utilities , insurance , maintenance , and depreciation from the portion of the building that they own . we Call For Information ( 949 ) 669-4230 Put Money Into Your Future We advise our clients to lease the property to their company and own their real estate in a separate entity from their business . By doing this , the real estate is kept off the company's records . This enables the owner to sell the business and lease the suite to the new owners , generating passive income over the long term . [email protected]