As a multiple photographer studio, I quickly learned that having my staff work out of my home wasn’t the best option. Who wants their team members wandering around when you’re trying to finish breakfast? But I was still scared to death when I signed my first three-year lease for a 600 square foot space at over 600 dollars a month. What I didn’t realize was that during the next three years, I would grow my dream then BUY my own studio space. Here’s what I learned from buying a commercial studio space.
Why buy?I hate paying someone else money. Doesn’t everyone? I’d rather invest in my own future. Buying a commercial space for my studio meant lower overhead for my business. A mortgage is typically less per month than rent.
Consider these questions I had to ask myself:Should I buy a BIG building and then sub-lease space(s) to other businesses? Or, should I buy a