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An office for rent below market value raises suspicion
An office for rent typically gets priced within the range of other similar commercial spaces for rent, but when an...
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n office for rent typically gets priced within the range of other similar commercial spaces for rent, but when an office for rent is priced well below market value one should be very caution about renting that office space. Unless of course the issue of money is a major concern for the business, in which case that would be grounds to rennet that underpriced office space, there is very little reason why you should rent that office space.
The determining factors of the pricing of a property include the location, size of the property and the condition of the office space in question. Now assuming that an office space is located in a commercial zone, meaning the location is ok, and the size is typical of the property in the area and for the type of office space up for rennet, then the reason for the low price must have to do with the condition of the office. The state of it may look ok at first glance but the issues may be well hidden only to reveal themselves at a later stage.
It is because of this that an office for rent that is not priced according to its location and in line with similar types of properties should raise eyebrows. In fact it would probably be a better idea to look at other offers.