U.S. commercial real estate prices fell to a post recession low earlier this year, and mortgage interest rates are hovering near historic lows. That made me wonder: As managed services providers (MSPs) and small business owners plan for 2012, is it time to consider buying the commercial office space you currently rent?
I realize the answer to that question will vary on your specific short- and long-term business strategy, local real estate trends and your financial model. Frankly, I have to do more research on this topic but I did want to pose the following questions to MSPmentor's readers:
- Do you rent or own your current office space?
- If you currently rent, will you consider buying commercial office space in the next one to three years? Why or why not?