Recently, I authored a post wherein I discussed making the ends meet in a commercial real estate deal. You can read the post here if you missed it.
During my discussion, I grazed a topic which today will receive a larger nudge – if you own your building and have elected to relocate, should you lease or sell the vacant building you leave behind?
A move generally is bittersweet – a cause for celebration because an increase in business created the need for more space. Good for you! But, the additional sales spawned another problem – you will create a vacancy. Now what?
In short, the direction you choose in dealing with the excess space and filling the vacancy depends upon several factors. Indulge me while I dissect a few of them.
An original post on AllenCBuchanan.com on November 18, 2016 written by Lee & Associates’ Allen Buchanan in Location Advice – California Businesses