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Owning vs. Leasing

In today's competitive business environment, office ownership provides an array of advantages that must be considered. Historically, office ownership has been an international standard, and now, more and more businesses in South Florida are joining those ranks. With ownership comes:

• PROPERTY APPRECIATION. Instead of rent payments which only profit a landlord, the business owner can enjoy potential appreciation of the office investment while making payments which increase the equity of a solid investment. And particularly in Coral Gables, property ownership has consistently been a strong real estate investment for decades, showing consistent growth in value.
• DIVERSIFICATION. Every business owner is constantly interested in ways to diversify and hedge against some of the risks inherent in the business, and ownership allows for just that.
• TAX BENEFITS. There are numerous tax deductible expenses related to office ownership, as well as the non-cash deduction of depreciation, allowing the owner to increase net worth by reducing taxable income and simultaneously amortizing an asset.
• BUSINESS & EXPENSE CONTROL. With ownership, there is an end to all dealings with a landlord. There are no negotiations, no rent escalations and no moving costs associated with the end of a lease term. The occupancy commitment of the business becomes stable and predictable.
• OFFICE SPACE CONTROL. Because each office comes with its own HVAC and electrical system, the business owner can control those utilities, as opposed to subsidizing other tenants' inefficient use of utilities. Furthermore, because the space is owned, access to the office is guaranteed and available 24/7. Improvements to the space are customized to what the Owner, as opposed to the Landlord, desires, and the benefit of those improvements accrue to the Owner, not the tenant.