Owner-occupied commercial real estate (OOCRE) is commercial real estate that you own rather than rent, and that your business occupies. For example, a law firm may buy a building and use at least 51% of the space for its own offices or a restaurant may purchase a building and lease out less than 50% to one or more other businesses.
Why Owning is Better Than Renting
OOCRE gives you control over your business space and saves you from being at
the mercy of a landlord who may eventually raise your rent or sell the building to someone else who will. The buyer may even force you to relocate. If you own the building, you don’t have to worry about such scenarios, and you can rent out part of the space for an extra stream of income. This is a great reason to seek out financing.
In this white paper, we'll discuss the benefits of owning, why Commercial Real Estate is a good investment, key industries for owner-occupied real estate, financing, and choosing the right property.
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