anything but the space you work out of.
Don’t like the company next to you when you lease? Out of your control. Owning your company’s space gives you complete control over your working situation, something you need at times.
Potential to Rent Out Empty Space
I’ll touch on this more in the next chapter, but there is some additional income opportunity in certain situations. If there is extra space or suites in your office, you should consider renting them out. It does add another level of work to your plate, but can be very really useful in bringing in a few bucks for the company from what was otherwise unused space. It may be easier than you think to get tenants, especially if you get help from your broker. How much goes into being their landlord will be determined by what type of space and arrangement you have. If it is one floor and almost a shared space, it would be simple. Their needs would be your needs. Multi-floor buildings and different working spaces would make things harder.
Public Signage
If you are looking to attract customers or clients, you can often get better signage on your building and be in a better location when you own. It may also make it easier to find clients if they don’t have to deal with crowded parking and navigating a lot of suites.
Business Hours
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