Office spaces have existed for decades, but did you know that these objects, like many other things, pass through trends as well? Just as architectural styles differ through time, office space configurations also change. For the last several years, remote work has become a part of normal work life for most, and this year has only confirmed its viability. If you own a start-up, should you throw the idea of office space out the window? Here are a few reasons why start-ups should have office space.
Archive for October, 2020
Investing in commercial real estate is a rewarding career that takes a great deal of strategy. There are numerous types of properties in which to specialize, and various ways to go about investing in them as well. Here are some of the most established types of commercial property investment strategies.
Whenever you make a big purchase, you take a risk, whether you are buying a home, buying a car, making a business investment, or buying a commercial property. In any of these situations, you would naturally be wise to limit your risk as much as possible. In personal purchases, this means doing as much research into the product or company as possible. In real estate investing, that research means underwriting, a crucial process for any investor to practice.
In 2020, commercial real estate investors need to think of creative and resilient ways to keep their properties’ value high. One of the types of commercial properties that has had the most challenges is office buildings. Many companies are realizing that they can skip the monthly rent and work from home just as well. While there is value to working in an office, you as an investor may have to improvise. Converting commercial properties to residential ones is one possible idea.