6 Simple Questions to Consider When Deciding to Buy or Rent

Is it financially better to buy or lease your office space?

As your business grows you may someday question which option works best for you. This question has many pros and cons but before you start making an intense list, check out the simple 6 question guided map our team has designed to help simplify the process.

“The answer is complex and depends in large part on the business type, size, and level of liquidity. A small professional service operation may be better off, long term, owning their office space. Conversely, an expanding restaurant operator may prefer to rent in an effort to keep capital expenditures & overhead to a minimum. 

Tax strategy may also play a part. The rent vs. buy conundrum could be discussed in depth for hours & I am happy to discuss with anyone who may have an interest.”

Jake Guso

Is Renting for you? Check out our blog.

“Is Renting Your Best Option“

Is Buying for you? Check out our blog

“Is Buying Your Best Option”

 

A Look In Time

For over two decades, NAI Miami has been one of South Florida’s leading commercial real estate firms.

“The quality employees and brokers of NAI Miami have greatly shaped the success of the company” said Jeremy Larkin, Co-Founder of NAI Miami. “Over the last 20+ years we have been extremely customer-focused and driven to provide our clients with the highest quality commercial real estate solutions to any challenge they face. We will continue this trend for the next 20 years while further strengthening our commitment to our core values of quality, timeliness and service.”

Originally founded in 1997 by current co-founders Jeremy Larkin and Edward Schmidt, the company began as Larkin, Schmidt, Weidenbaum. Jeremy and Edward took over the business in 1998 and grew the company threefold including adding a property management and wealth management divisions as well as completing some retail strip center developments.

In September 2001, Jeremy and Edward quickly recognized the potential for a wider audience and a more global platform and joined NAI Global.

“When we joined NAI Global, we quickly realized this is culmination of a 20-year effort to grow our company from a local boutique to dominate commercial real estate brokerage operation with a global platform to satisfy the demands of our diverse client base” stated Edward Schmidt, SIOR and Co-Founder of NAI Miami. “We pride ourselves in the collaborative effort of our entire team to focus on meeting the needs of our clients anywhere in the world, while still giving back to the community every year. We at NAI Miami sincerely care about our clients, our company, and our community.”

In the 20+ years NAI Miami has thrived in the South Florida Community, acquiring many prestigious awards including Top Leasing and Sales Firm by Costar for the past 15 years, South Florida Business Journal’s 2014 Power Leaders in Commercial Real Estate, 2013 South Florida Business Journal’s Ultimate CEO Award for Miami-Dade County, 2015 South Florida Business Journal’s Business of the Year, Top Commercial Real Estate Brokerages 2014 – 2018.

“While the past 22 years has been a wild and fantastic ride, I am eagerly looking forward to the next 20” said Jeremy Larkin. “Our relationships, partnerships and experience are what will guide us over the next 20 years. We are, and will continue to be, a dominant commercial real estate provider in South Florida.”

NAI Miami Negotiates a Large Seven Year Industrial Lease for Terminix

For Immediate Release

Contact:
Larry Gautier – Claire Holash
305-938-4000 – 305-938-4000
lgautier@naimiami.com – cholash@naimaimi.com

MIAMI, FLORIDA – NAI Miami, a member of the world’s premier managed network of commercial real estate firms, announced Larry Gautier and Claire Holash recently negotiated a 7-year, 14,791 square foot industrial lease at 22 Kaimes Street in Albany, New York, for their client, The Terminix International Company. The landlord is Shaker Development Company Group LLC. and was represented by NAI Platform, LLC. This lease was valued at over $688,000.

Terminix International Company, L.P. is one of the largest pest control companies in the world, operating in 47 states in the United States and 22 countries around the world. It is a subsidiary of ServiceMaster Global Holdings, Inc.

About NAI Miami

NAI Miami is a commercial real estate organization with the passion, dedication and expertise to realize maximum potential and generate creative solutions for our clients worldwide. Our collaborative services platform provides an expansive, yet nimble responsive structure enabling us to efficiently deliver superior result. To learn more, visit www.naimiami.com.

About NAI Global

NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 400 offices strategically located throughout North America, Latin America, Europe, Africa and Asia Pacific, with over 7,000 local market professionals, managing over 425 million square feet of property. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions throughout the world.

NAI Global provides a complete range of corporate and institutional real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services.

To learn more, visit www.naiglobal.com

NAI Miami Property Management Newest 400,000 SF Project

As of June 1, 2019 the NAI Miami Property Management team took over their newest project at Palmetto West Park Condominium Association in Doral.

With over 400,000 SF and 150 office/industrial condominium units this project will be going through numerous upgrades:

  • Security Cameras- first phase has been installed, second phase in the works
  • Gated Entrances- process of doing this
  • Parking Enforcement- will be completed for park by Sept. 10
  • Landscaping- working to get new landscape design on the park
  • Curbing- repair curbs with be repaired, parking lot restriped, stops repainted.
  • Painting of buildings
  • Lighting- new lights will be for the parking and exterior of building, will be installing energy efficient lights
  • Signage- new modern signage will be installed, traffic signs will be placed, redesign of the mailbox area, and redesign of median.
  • Roof project for Phase I

Palmetto West Park Phase II

Palmetto West Park Condominium Association is made up of 3 phases.

  • Phase 1 – Industrial Space
  • Phase 2 – Flex Space
  • Phase 3 – Office Building

Follow the project with us and subscribe to our blog!

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Luxury Office Condo Recently Sold!

In the heart of South Miami above Town
Luxury Office Condo
1,957 SF
$434.34 PSF
Team : Edward Schimdt and Robert Eckstein

 

In the market for a new office or trying to sell your current unit?

Contact us today!