Commercial Condos

For a decades and even centuries, the dominant wisdom regarding office space could be summed up in this credo: “If you can’t buy the building, rent an office.” Times have changed and there is a growing trend toward a new option: commercial condominiums.

A commercial condominium is a lot like a residential condominium. It’s a space within a larger commercial building that can be bought and sold as real property. And countless businesses and investors are proving commercial condos’ worth.

We purchase our homes to build equity and make an investment in the future –and because in many cases it makes more sense to pay your own mortgage rather than someone else’s. The same logic applies to purchasing a commercial condo. It’s a chance to solidify your business’ housing costs into the future, put capital somewhere it will generate returns and save money on taxes.

Across the nation, creative developers are turning tired, unused warehouse and retail spaces into attractive, modernized commercial condominiums with plenty to offer. Many of today’s commercial condos have been uniquely crafted for the modern business, with ready-made telecommunications infrastructure, unique office arrangements, tech-ready conference rooms and more. As you investigate the commercial condo market, you’ll find a variety of spaces, some fully outfitted, some bare-bones and ready for customization.

In New York and the country at large, commercial condos make up a small but rapidly growing segment of the commercial real estate market, with values appreciating steadily. Developers are offering attractive entry prices, allowing companies to invest in a commercial condo for little more than what it takes to rent office space.

Most people consider leasing a more flexible option than purchasing an office space. But many companies are finding the opposite to be true. A long-term lease agreement can difficult and costly to exit, if for some reason you need to get out if it early. In such a situation, most companies will be forced to sublet at a loss or pay off the landlord. In similar circumstances, a business that shutters or relocates could sell a commercial condo for a great price, recouping their investment or turning a profit depending on the market.

In situations like the dot-com boom, many companies that went under were left with a single asset: their commercial condominium.
In Manhattan, commercial condominium spaces come in all sizes and price ranges, from tiny raw office spaces to lavish upper-floor luxury office complexes in high-tech skyscrapers. Businesses in a variety of industries, from law to accounting to video production are investing in commercial condominiums, becoming part of the growing number of organizations that own the space in which they work.

If you are interested in a commercial condo for sale or lease, your Prime Manhattan realtor is ready to assist you with your every need and address every concern.

Find Commercial Condo Listings Here

Please take a brief moment to inform us about your organization, your requirements and other criteria related to your office space needs, and we will use that information to conduct a comprehensive search of the Manhattan commercial real estate market return only the most qualified listings. Broker assistance

Or if you prefer, you may search our sophisticated online commercial property database yourself and view qualified listings immediately. Conduct your own search here