Many businesses reach a point in which they are curious as to whether it would be beneficial for them to purchase office space rather than continue to lease office space. While every business is different there are a few common factors that should be taken into consideration when evaluating whether buying office space would be better than continuing to lease office space. We will take a look at some of the pros and cons to purchasing compared to continuing to lease office space.

This calculator will help you to compare the costs of renting to the costs of buying a Office. Since there are all kinds of forces at work behind the scenes (interest, property taxes, tax savings, appreciation, opportunity costs, closing costs, selling costs, etc.), comparing the cost of renting to the cost of buying is a lot more complicated than just comparing the monthly mortgage payment to the monthly rent payment. This calculator attempts to forecast the net effects of all the hidden forces so you can make an informed decision.

The following form provides two methods of calculating your office space needs. The first is based upon general rules of thumb. The second goes into greater detail and is more accurate. Using both methods will provide you with a range of your probable requirement. Please note, the results will be in usable square footage. Any load factors will have to be added.

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