The Ins and Outs of Buying Commercial Properties

One of the biggest decisions when contemplating a real estate deal is whether to buy or lease. This decision is much easier to make when you are dealing with a residential property, after all you will always need a place to live. With commercial real estate, there are many more variables involved in the equation. That’s why we are here to help.

So how do you make the decision to buy or lease? Our rule of thumb is as follows: if you aren’t sure which to do, leasing space gives you short term flexibility that buying does not. It might be better to lease than to buy a property that turns out to be poorly suited for your business, and, leasing can provide you with an opportunity to determine during the term of your lease what features you require.

The Toronto commercial real estate market is very fast paced. If you need a property in a prime location, you want us on your side. We have connections with properties that are not listed on MLS and with many other commercial realtors, so when a new hot property comes on the market, we are always one of the first to know. Acting early and quickly is the key to buying, selling or leasing commercial properties for our commercial clients in a big city like Toronto.

Deciding where to locate your business is a major decision and for many of our clients, they need to open their business in the right location for their business to thrive. We are commercial real estate experts throughout the GTA so we can help you identify possible locations, including ones that were not on your radar.

Buying commercial real estate is not a simple decision and it requires expert knowledge. As a business owner, you are an expert at running your business, and not necessarily at buying real estate. This is why it is important to choose a real estate company that can provide the expertise that you don’t have. We can provide that help, with a team of experts readily available to assist. We have mortgage brokers, lawyers, architects and contractors all on speed dial.

When buying a commercial property, you will also be concerned with the rate of return on your investment. The property is an investment like all of your other investments; the main reason for buying it is to turn a profit. A steady income stream is a key reason to buy an investment property. Revenue and expenses are paramount to determining how much you will earn from the property. Effective leases are also key to understanding how long your tenants will be leasing space at your property and what types of rents they will pay (i.e. are rents at market rates).

When you are looking to buy a piece of commercial real estate or office/retail or industrial space, you will likely have many concerns. We can help you ease these worries and find a property that is a perfect fit for your business.