What many business owners already know, and others are coming to realize, is that owning the office or commercial space where their business are operating can offer economic benefits to leasing. Commercial condominiums offer a unique opportunity to control long-term occupancy costs, build equity, and enjoy the financial advantages of real estate ownership.
Boston Realty Advisors has three prime office condominiums, and three ground-floor retail condominiums currently available for sale in Boston, so now is the perfect time to explore why ownership could be the right move for your business.
The Financial Benefits of Owning an Office Condominium
- Fixed Costs & Protection from Market Fluctuations
Leasing commercial space comes with the uncertainty of rising rental rates, unpredictable renewal terms, and landlord-controlled expenses. By purchasing an office condominium, you lock in your long-term real estate costs, avoiding rent escalations and market volatility.
Consider this: If you lease space for $60 per square foot today, a 3% annual rent escalation means you’ll be paying nearly $80 per square foot in 10 years—without building any equity. Ownership provides stability and long-term savings.
- Building Equity Instead of Paying Rent
Every rent check sent to a landlord is an expense with no return. When you own an office condominium, your monthly mortgage payment contributes to building equity in the property—an asset that appreciates over time. Instead of paying a landlord’s mortgage, you’re paying your own.
- Tax Advantages of Ownership
Commercial real estate ownership comes with substantial tax benefits, including:
- Mortgage Interest Deduction: Interest paid on a commercial mortgage is tax-deductible, reducing taxable income.
- Depreciation: The IRS allows owners to depreciate commercial real estate over 39 years, offering a powerful way to offset taxable income.
- Potential Capital Gains Benefits: If the property appreciates, a future sale could provide significant financial gains, with opportunities for 1031 exchange tax deferral strategies.
Strategic Advantages Beyond the Bottom Line
- Flexibility & Control Over Your Space
Leasing means being subject to a landlord’s rules, decisions, and potential lease termination risks. When you own, you have complete control over your space, allowing for:
- Customization: Renovate, upgrade, or modify your space as needed—without seeking landlord approval.
- Long-Term Security: No risk of losing your space at lease expiration or being forced into costly relocation.
- Predictable Expenses: Avoid sudden increases in common area maintenance (CAM) fees or surprise operating costs imposed by a landlord.
- A Retirement or Investment Strategy
One often-overlooked benefit of owning an office condominium is its potential as a long-term investment:
- When the time comes to scale down or retire, you can lease the space to a third-party tenant, creating a steady income stream.
- Unlike leasing, where a departing tenant walks away with nothing, an owner retains an appreciating asset that continues to generate returns.
- Office condominiums can also be sold or included in a broader estate planning strategy, offering financial security well beyond a business’s operational lifespan.
Why an Office Condominium in Boston Makes Sense
- A Rare Opportunity to Own in a Prime Location
Boston’s commercial real estate market is highly competitive, and buying an entire office building is cost-prohibitive for most individuals and businesses. Commercial condominiums offer a unique opportunity to own a piece of a premier commercial building without the financial burden of full ownership.
- Lower Barriers to Entry Compared to Full-Building Ownership
- Smaller Upfront Investment: A commercial condo allows you to invest in Boston’s high-value market without the capital commitment required for an entire building.
- Shared Maintenance Costs: Unlike full-building ownership, where the owner is responsible for all maintenance and repairs, office condo owners share expenses through a condo association, making ownership more manageable.
- Strong Demand for Commercial Condos in Boston
As companies increasingly seek stability in an uncertain market, demand for commercial condominiums has grown. With limited inventory and rising office lease costs, purchasing a space now positions you ahead of the curve.
Is Owning a Commercial Condominium Right for You?
If you’re a business owner looking to:
✅ Control long-term real estate costs
✅ Build equity instead of paying rent
✅ Benefit from tax advantages
✅ Secure a prime Boston location at a fraction of full-building ownership
✅ Maintain future leasing flexibility as a retirement or investment strategy
…then owning a commercial condominium could be one of the smartest financial decisions you make.
With three exceptional office condominiums currently available for sale, this is a rare opportunity to invest in your company’s future while securing valuable real estate in Boston’s thriving market.
[View Available Office Condominiums Here]
For more information or to schedule a tour, contact Bonny Doorakian at Boston Realty Advisors.
