> > 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. >
That's exactly my fear. However, the other side of the coin is that we lease a space with no option to buy, and end up having to move locations a few years down the line when it's clear we have the buy-in. That would be a major expense, too, so it seems like there are upsides/downsides either way. On Sunday, May 17, 2015 at 4:16:22 PM UTC-7, Stephanie Miles wrote: > > Hello all. I'm new to the group, at the very beginning stages of opening a > coworking space in Redding, CA. (pop. 90,000) > > I'm considering buying a commercial space for my coworking business, > rather than leasing. Obviously it's a big financial investment up front, > however based on looking at the market here, it seems like the monthly > payments on a commercial real estate loan would be less than the cost of a > lease on a similarly sized space. (I'm looking at pretty run down > industrial spaces, with the plan to renovate.) > > Wondering if anyone else has done that and what unexpected issues, > challenges, or even benefits you faced by doing so? > -- 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.
