I am thinking of buying the property that Creative Density in Denver is in after four years. It's still not a straightforward question verse leasing because it would actually increase our expenses by about $1200 a month with taxes, etc. but it would lock in a steady set of expenses in our growing city. In two years when my lease is up I could see it increasing by $1200 anyways in rent if I didn't buy it.
I could also say that I wish I bought it four years ago in hindsight but back then I didn't know if the space would be right for the community, but now I know people like it and our community continues to steadily grow. Creative Density starting out as a lease echos the mantra here of don't do a 'build it and they will come.' I've tested out the space, I know it well, and I know it is in a good location for my community. So I would take a step back and ask 'What does your community think of the space?' If you have their buy-in then it might make a great financial decision. If you find out that your space is not a good fit then you'll find yourself on an expensive endeavour as a commercial real estate owner without much experience. -- Visit this forum on the web at http://discuss.coworking.com --- You received this message because you are subscribed to the Google Groups "Coworking" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. For more options, visit https://groups.google.com/d/optout.
