Top 5 Important factors to Know about before Buying office space

Commercial office properties have lower liquidity than residential spaces, as these are more complicated to sell and purchase. They require a longer period in terms of money, time, and negotiations.

Liquidity challenge

Commercial office spaces also require a long-term investment as well, as these properties require a large amount of capital directly and ongoing and increased maintenance costs.

Long Term investment

These properties suffer sometimes from high vacancy risks and might have the possibility of vacant or unoccupied areas in that property. These vacancy risks can arise due to multiple factors like high competition, low demand, poor location, etc.

Higher Initial Investment

Commercial Office spaces suffer from higher time in finding the tenants. You have to hire a property broker or property agent to screen tenants and negotiate on different aspects like lease agreement, rent money, security deposit, etc.

Tenant Search takes time