Many entrepreneurs are often faced with the question of whether to rent or buy commercial space for their business. This dilemma is undoubtedly common even in a thriving industry like commercial real estate in Florida.

If you choose to seek a professional opinion on this matter, a real estate agent may tell you that it essentially depends on your specific situation. Although the truth is, when it comes to this vital business decision, there really isn’t a one-size-fits-all answer. It goes without saying that if you do not have an adequate amount of financial resources to purchase a commercial real estate property in Florida, then choosing becomes much simpler.

However, leasing a commercial space may still be the smartest option among all your options. According to statistics, most new business owners start out with a lease for their office space rather than a commercial property purchase. On top of that, a good number of business consultants recommend renting out your workspace until your business starts running smoothly.

To help you make a decision about whether to rent or buy a commercial real estate property in Florida, try to find out the advantages of leasing commercial space. These are some of the advantages you are likely to get from a rental property.

fewer obligations

The landlord of commercial real estate is the person responsible for the security, maintenance, remodeling, and other matters related to the management of the property. You, on the other hand, will basically have fewer responsibilities regarding the commercial space, giving you more free time to focus on your business.

flexibility

One clear benefit of leasing commercial real estate is the flexibility it offers. Once the lease is up, you can simply move to another commercial space that is a better fit for your business, as well as your budget.

no mortgage payments

The freedom of a substantial home loan allows you to free up available money and allocate it where needed. This positive side is particularly advantageous for novice entrepreneurs.

Tax credits

Although the landlord usually receives the tax credit, a fraction of the benefit may still be passed on to the tenant of Florida commercial real estate in the form of a lower lease payment.

Less tax paperwork

If you choose to lease commercial space for your business, your tax return will likely be easier to file compared to the mountain of forms building owners typically have to fill out.

Negotiable rates

With the Florida commercial real estate market presenting a wide range of options to choose from, it’s certainly possible to negotiate your way to a discounted lease price.

no down payment

Buyers usually have to pay a down payment of around 20 to 25 percent of the total price. However, if you choose to lease a commercial real estate property in Florida, you are only expected to pay at least one to two months of rent before you move. This aspect of renting office space can be a real boon, especially for cash-strapped entrepreneurs.