Congratulations are in order! We've heard that you are finally opening or expanding your business in Columbia. That's amazing news! With this significant step in your life, you probably have a million things to consider. Should you start hiring or growing your team now, or wait until you're closer to an opening date? When is the right time to order furniture and equipment for your new commercial space? Is it smarter for you to buy or lease a commercial property in Columbia, MO?
While Lindner Properties can't tell you how to run your business, we can provide insight into the pros and cons of buying or leasing commercial property. How do we know what will work for you? We've been helping businesses and organizations lease property in Columbia, MO, since 1980. That's a long time to gain experience and industry knowledge. Lindner Properties is also up-to-date on all the modern and trending information business owners and organizational leaders need to know.
Before you make the big move, you need an expert by your side, so choose Lindner Properties. We're here to share the pros and cons of leasing commercial property and to guide you toward positive, measured growth. Let's get started!
Lindner Properties loves to focus on the positives of commercial real estate because we know the true value of renting an office, restaurant, or retail space in Columbia, MO. Not only can you feel more financially free with a commercial lease, but you can also have more flexibility in how and where you run your business. We’re commercial property aficionados in Columbia, MO, and we’d love to share the best parts of renting real estate for your business or organization. Check out our pros of renting commercial real estate in Columbia, MO.
Knowing exactly what you’ll spend on a commercial rental property each month is a game changer, especially for new businesses. Covering the costs of the rent and additional fees like utilities, insurance, and ongoing property care can be easily calculated and planned for. If you’re a new business working on a tight budget, you can put more money back into your business because a disaster budget isn’t nearly as necessary. Having a predictable bill at the start of the month is also great for experienced business owners who are growing. You can make the move from one location to a better, larger property without having to calculate hidden costs. However, you should never let hidden costs be a total surprise.
When you own your commercial property, you’ll be on the hook for any maintenance problems or disasters like fires or floods. Those who decide to rent a property in Columbia, MO, won’t be on the hook for property maintenance or major issues (depending on your lease). Do you want to have a commercial property without the threat of financial ruin on the horizon? Rent your office, retail store, or restaurant with Lindner Properties.
Is your budget pretty tight? If you’re trying to buy a commercial property in Columbia, MO, this could really limit your purchasing power. The upfront costs to buy commercial real estate in a good location are much more substantial, and if you don’t have big investors backing your purchase, you could bankrupt yourself before you even open your doors to the public.
Get the location you want at a price that works for your business when you lease commercial property in Columbia, MO. There are so many incredible neighborhoods where the demographics will perfectly match your business or organization. Renting with Lindner Properties gives you endless options across Columbia, MO, so snag the perfect property today!
You’ll need to do more with your budget than just buying or renting commercial real estate. There are also furniture, equipment, and remodeling budgets to consider. Once your doors are open, you’ll also need to have the flexibility to grow your business with new team members or a larger location. To free up your budget for the tools you’ll need to run your business, renting a property rather than buying is a smart choice. You’ll still have a space in a great location, but your money won’t be tied up in a huge purchase or commercial construction project. Instead, you can funnel it into opening your business faster thanks to the low cost of renting an established property. Find more financial flexibility when you rent a commercial property in Columbia, MO from Lindner Properties.
The team at Lindner Properties is always rooting for you! We love watching commercial tenants grow their businesses, and when it’s time to upgrade your space, we’re happy to help you find the right location for your growing business. If you outgrow your rented commercial property, it is so much easier to rent elsewhere than it is to sell and buy or build a new property. You won’t be tied up in real estate deals, and your business or organization can keep on growing. If you have questions about outgrowing your commercial lease, don’t forget to talk to one of our savvy commercial real estate experts. Lindner Properties will help you grow in CoMo.
Maintenance. Everyone’s least favorite activity. Whether you run a business or own a home, you know how tough it can be to handle the upkeep of your space. From HVAC issues to plumbing problems, being responsible for your property can be an expensive nightmare. However, if you rent commercial real estate, depending on your lease, you’ll never be on the hook for maintenance. At Lindner Properties, we pride ourselves on being responsive and quick to solve your maintenance problems. We’ll send someone out ASAP to get your air conditioning back on, repair your pipes, or even clean up debris, ice, or snow around the property. A clean, well-maintained commercial rental property can be hard to come by. Rent with the best at Lindner Properties.
So you understand the pros of renting commercial real estate, but what about the cons? Sure, there are plenty of downsides to renting over owning, but it’s important to compare the two—buying or renting—and decide what is best for your business or organization. You could have to choose between your growth goals or financial limitations, so take the time to consider everything before you pick up the phone to call a commercial realtor or property manager. Oh, and don’t forget to learn about the cons of renting commercial real estate.
What you gain in financial freedom from renting commercial property rather than purchasing real estate, you lose in equity. As you pay off the mortgage for a property you own outright, you’ll start building equity, the actual ownership investment in the property. By renting, you can lessen your financial burden, but unless your landlord eventually offers to sell you the property, you’ll never have any type of ownership over your space. If you really want your commercial office, restaurant, or store to be an asset in the future, it may be wise to purchase a property instead of renting. However, if you’re not in a position to make a down payment on a larger commercial property, renting is just fine and can even be easier.
Do you have a specific vision for your store, restaurant, or office? Depending on where you want to rent commercial real estate, you may be handcuffed to a certain design style or layout. Business owners and organizational leaders who buy or own their commercial spaces can change them however they want (with approval from the local permit office), but renters won’t have as much freedom. Sure, you can probably paint, upgrade the equipment, or move a wall around, but you’ll never have total control over how your property looks and feels. The Lindner Properties team tries to give as much freedom as possible to our tenants, so don’t be afraid to ask our commercial rental experts about the modifications you can make to a rented commercial property.
If you’re not paying tax on a property because you don’t own it, you can’t deduct the paid tax on your business expenses. However, people who own their property and pay their taxes can enjoy a little discount when tax season comes around thanks to their mortgage interest and property taxes being tax-deductible. While this may not sound like a big deal, it can make a difference, especially for people who have a tighter bottom line than most. If you’re curious about the tax benefits of buying commercial property rather than renting, contact a real estate tax professional to learn more.
You must be a commercial real estate expert by now, right? If not, don’t worry. There are plenty more pros and cons Lindner Properties would love to share with you about the commercial real estate industry in Columbia, MO. From first-time renters to experienced commercial lessors, we’ll have your back from the initial consultation to property tours, lease signing, and ongoing business management. We give our all to Columbia, MO businesses and organizations because our only goal is to see you succeed, and we’d love to be a small part of that success.
Give us a call today to see what properties we have available and to learn how these great locations could benefit your new or growing business.
ABOUT LINDNER PROPERTIES
Delivering commercial real estate results for over 40 years in Columbia, MO and the surrounding communities.
Lindner Properties works with independently owned and operated affiliate property managers. We do not offer brokerage or property management services.
LOCATION
1400 Forum Blvd
Suite 10.5
Columbia, MO 65203
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