Over the past few years, small business owners have been through many hardships when attempting to adapt to the new world COVID-19 has created. The pandemic has been brutal on everyone, and even now, in 2022, the end is still nowhere in sight.
Unfortunately, the pandemic has brought an end to millions of businesses across the globe, but according to the Census Bureau, more than 4.4 million new businesses were created in the U.S. during 2020 — the highest total on record. For reference, that’s a 24.3% increase from 2019 and 51.0% higher than the 2010-19 average. In addition, half a million new businesses were started in January 2021 alone.
These new business owners are doing things differently this time, including how they find and select their office and warehouse space(s). These new business owners want an office space that is custom fit to their needs and gives them room to grow at an affordable price. The solution? Flex spaces.
Flex Spaces offer modern, attractive exteriors in different sizes and finishes options to meet your business and personal needs as you grow. Working with owners to make sure each suite, small or large, accommodates your specific needs. Every interior is as different as the owner that occupies it. Whether you need warehouse storage or a brick-and-mortar office outside your home, a Workspace USA Flex Space building is most likely suitable for you as they are fully customizable, so you can make it your own. A Workspace USA Flex Space is fully equipped with finished, conditioned office space, bathroom and breakroom plumbing, fixtures and cabinetry, and HVAC. Plus, your suite will be wired for high-speed fiber internet service so that you can design your space to best suit your business.
Finding an Affordable Office and Warehouse Spaces?
So, what makes these fantastic offices and warehouse spaces affordable? It’s an investment both into your business and for yourself.
As commercial real estate becomes more expensive and available real estate product dwindles, flexible office, storage, and workshop space are premium. A Workspace USA Flex Space Condominium is a real estate investment that will appreciate, just like a home or an office building does, building your equity. Like a residential condominium, a business condominium is a piece of real estate you own, and you still receive a deed at closing.
After the initial down payment, the ownership costs usually are less than renting a comparable space. Plus, you can build your net worth and balance sheet and improve your financial statement and borrowing capabilities. You can recoup your investment when you wish and potentially create appreciation and wealth. Other benefits of owning rather than renting include the following:
- Rental rates will only continue to rise, so now you can enjoy no annual rent increases!
- Reap the tax advantages of owning versus leasing.
- Realize property appreciation, build equity, recapture your investment, and ultimately profit!
- Hedge against inflation with low, fixed monthly payments.
- Utilize the depreciation of your unit’s total cost to provide significant deductions to your yearly income taxes (if your building is used for commercial/business usage).
- Individual control of your space and its design.
- As is the case on a lease property, expenses for customization and improvements can be recaptured at the time of sale rather than lost.
- A low-risk investment to provide future cash flow and retirement income.
You are looking to make a move for your business that will be worth it? Contact Workspace USA today, and we would be happy to help you find the perfect building for you!