LEASE YOUR COMMERCIAL PROPERTY NEEDS
The goals of commercial property occupancy vary with the goal of the business enterprise. Typically, real estate occupancy is a cost of doing business, just like advertising, telephone and internet usage, salaries and wages, and other expenses. Purchasing real estate ties up capital that could best be used by management to operate the core business of the organization. There are tax advantages to renting real estate, as the rental payments are deductible against the income generated for income tax purposes. The ideal benefit of renting the real estate for the business enterprise is that a huge investment of capital for equity is not required. In this market, equity requirements are a minimum of 20 percent, and typically 25 to 30 percent of purchase price. Then there are closing costs, adding as much as five percent more to the capital requirements. The capital requirements for rental real estate are typically the first monthly rental payment, and a security deposit. Often the improvements required by a tenant can be financed and paid over the term of the lease. The business enterprise then retains capital to operate its business. To illustrate, even real estate brokerage firms are not in the real estate business, they are in the brokerage business, so renting office space provides the optimum use of its capital. McGinnis Commercial Real Estate Company has a number of office lease listings which would accommodate a variety of business needs, such as professional office space requirements for physicians, and general office space requirements for accountants or insurance agents. We also have flex space which includes shop and warehouse areas together with smaller office areas for contractors. McGinnis Commercial Real Estate Company has commercial lease opportunities in every price range, and in every location in the market area. For your office leasing needs, call on McGinnis Commercial Real Estate Company.