What are office apartments?

Office flats work similarly to their counterparts to private housing. Instead of renting a set of offices, some companies buy an individual unit in the complex. Common spaces are co -owned by all tenants and the Council usually oversees landscaping and other maintenance problems. Office flats are often created as part of the reconstruction of mixed use in the center of medium smaller towns.

There are certain advantages and disadvantages of office condoms one plus is increased ownership rights compared to the equivalent space of rent or leasing. The landlords are always under the control of the landlord, which means that the monthly rent could be increased or a lease with a short notice by tenants. By their own space, companies in Condminiums can avoid such surprises. The monthly mortgage should remain relatively stable throughout the life of the loan. An architectural company or a small advertising agency couldIn such an environment well, but the emerging manufacturing company could consider future extensions almost impossible. There may also be restrictions on business types that can be carried out in units. For example, the device may not be able to accommodate excessive parking of customers.

One plus for these leasing office condoms is the advantage of mixed use buildings. It is not unusual that restaurants, special shops and other consumer sales share space with Condos. This means that employees of these offices do not have to travel far for fun and food. Mixed use buildings are located in the area of ​​the center or other high -traffic shopping centers.

During the economic decline, larger companies can invest in office condoms to consolidate the department. Smaller companies may not see the ownership of the apartment if their current arrangementsabout renting or leasing seem to be beneficial. The units are often designed on "if we build it, the commercial model will come.