Rent or buy an office? Questions to ask before you decide

There is no single answer to this question for everyone. The right answer depends on your company's situation. The questions below make the decision easier.

How long will you stay in the same place?

If you expect the team to grow or shrink within a few years, renting is more flexible. If you are sure you will stay the same size and in the same place for many years, buying can be considered.

Where do you want to use your capital?

Buying means tying up a large sum in a building. Would it be better to use that money to grow your business? You know this best for your own business.

How much will you change the space?

In your own office you can do any fit-out you want. In a rented office, major changes need the landlord's approval, and what you spend stays behind when you leave.

Advantages of renting

• The upfront cost is low.
• It is easy to move when your needs change.
• The building's major maintenance costs are the landlord's.

Advantages of buying

• You are not affected by rent increases.
• You arrange the space as you wish.
• The office also becomes a company asset.

The decision

The soundest way is to compare both options on the same office, using the total cost over a few years. If you like, we can make this comparison together.

We describe the leading business districts for offices to rent and for sale in Istanbul on our office districts page.