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News Articles

The “office condominium” method is becoming more popular around the country. Listed below are national reviews of projects similar to The Lake Wylie Business Centre.

 

“… Scarce land, rising prices and climbing construction costs have put ownership beyond the reach of many businesses… They (office condos) work for businesses…mortgage payments are fixed compared to fluctuating leasing rates that continue to escalate, so you can control your costs better… Tax advantages can be helpful for businesses that own their own space including mortgage interest and depreciation, but in the marketplace, the offices are likely to increase in value, too, providing future sales opportunities.”

- The Daily Herald, Aug 21, 2006

 

 


 

 

 

 

“…With ownership, occupancy costs are predictable, versus market driven with rentals. Instead of landlords gaining rising profits through rent increases, the property owner can use the additional profits for business expansion and job creation… For tax purposes, the business owner can depreciate the improvements to his or her business and deduct loan interest payments. Long-term property value appreciation has the major benefit of creating wealth for the owner. ‘The business’ real estate becomes a major part of many small business owners’ retirement plans.”

"…Renters face the real prospect that their rents will escalate in the future because the developer’s construction costs for land, steel and concrete have risen at least 25% in the last year. The commercial condominium owner seeks to lock in his occupancy costs and build real estate equity.”

- San Diego Metropolitan Magazine, 2006

 

“…By owning the office, we are building equity in the company, receive tax benefits of ownership and have control on how the property is maintained…business owners realized that owning gives them more control over their space and that a mortgage is cheaper than rent…Buying an office condo is a built-in savings plan for a company.”

- The Business Journal of Milwaukee, January 9, 2006

 

"Buyers can now afford to end up with an equivalent cost of occupancy to leasing," Murdock said. "If the market is at $1.85 plus utilities, a buyer of an office condo could possibly get in at $1.60 after tax benefits."

- Yahoo News, September 21, 2006

 

 
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