Office Space: Time for MSPs to Buy Commercial Real Estate?
U.S. commercial real estate prices fell to a post recession low earlier this year, and mortgage interest rates are hovering near historic lows.
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?
No need for an official poll or survey. Feel free to post a comment below or email me — joe [at] NineLivesMediaInc [dot] com. Just let me know if your email is on the record or off. I’ll compile some thoughts based on reader feedback then offer up a detailed blog.
Great time to buy CRE… should even consider buying distressed assets as well, but be sure to work with a CRE pro who has distressed knowledge.
cre looks to have some more room to drop, the risks shown in the housing market bubble are larger in cre. That said, it is a good time to buy if you need space. I’m looking to buy this time next year.
it is a good time to buy if you need space. I’m looking to buy this time next year.
Get yourself an office for rent anywhere in the world today and give your customers a business experience that leaves them happy and satisfied with your company