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Updated over 6 years ago,
Buying vs. Renting Commercial Real Estate
My husband and I own a law firm and pay way too much in rent so we are looking to buy something. As much as I'd like to buy an entire building, in my area that would cost $10M+ so we're looking at office condos. I want to buy something ASAP, but my husband still isn't convinced that buying will save us money over the long run. Can someone lay out the pros and cons to buying vs. renting commercial property? Thanks!