The Ownership Advantage

Benefits of Owning versus Leasing

Significant Savings

Significant Savings

The annual cost of office condominium ownership is historically less than the cost of leasing. Current market lease rates far exceed the annual office condominium carrying costs, which include common charges, real estate taxes and if applicable, mortgage payments.

Attractive Financing Costs

Attractive Financing Costs

There are a variety of financing options that make owning an office condominium more affordable for businesses and non-profit organizations. Interest rates remain very low, and borrowers can often find loans as high as 90% loan-to-value, including construction costs.

Real Estate Tax Exemption

Real Estate Tax Exemption

Many non-profit and government organizations are exempt from paying real estate taxes when they own and occupy an office condominium. Tenants leasing office space are required to pay real estate taxes regardless of their status.

Permanent Upgrades

Permanent Upgrades

From office furniture to glass conference rooms, designing and building an office space involves significant capital. When a business cannot renew their lease they lose their investment and have to expend further capital to move and improve elsewhere. By owning office space, a business can justify a higher-end build-out that increases their competitive edge and improves the value of their real estate.

Stabilized Occupancy Costs

Stabilized Occupancy Costs

Office condominium owners are insulated from the escalating and unpredictable costs of leasing office space. An office condominium owner’s occupancy costs remain stable and predictable, allowing for precise operating expense projections and easy budgeting, whereas tenants leasing office space are subject to the fluctuations of the leasing market and whims of landlords who may have conflicting objectives.