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Office Space: Rent or Buy?

Wednesday, February 3rd, 2021
Office Space: Rent or Buy?

Which is better: to rent or to buy office space? Here are the pros and cons of each.

There is one tough question that every business owner must face at some point: should you rent or buy office space? The benefits of even having a physical office location are apparent. Communication, collaboration, and bonding are at their best when in-person, and customers can see that you are here to stay when you’ve invested in a building. In other cases, a physical location is essential to providing your services. No matter what type of business you have, the question of whether to rent or buy office space is often muddy and nuanced according to each company’s circumstances. However, the classic list of what each has to offer can help you in your decision.

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