Discover the key steps to buying or leasing commercial real estate
This guest blog post is provided by the Business Development Bank of Canada (BDC). BDC is the only bank devoted exclusively to entrepreneurs. It promotes Canadian entrepreneurship with a focus on small and medium-sized businesses. With its 110+ business centres from coast to coast, BDC provides businesses in all industries with financing and advisory services. Its investment arm, BDC Capital, offers equity, venture capital and flexible growth and transition capital solutions.
Buying a commercial space is often one of the most complex transactions an entrepreneur will ever make.
That's why it's essential to research and plan the purchase beforehand to make sure your choice meets the needs of your company and maximizes your investment.
There are several factors that you need to consider before making an acquisition, including the type of property you want to purchase, the risks and benefits involved, and how to finance the property.
But where can you find reliable information to guide you along this process? And is buying commercial real estate even the right choice for you and your business at this point in your journey?
A new source of guidance for Canadian entrepreneurs
To help you navigate such complexities, the Business Development Bank of Canada (BDC) has created a real estate hub gathering all the information you need to successfully buy or lease commercial real estate.
This free online hub offers tips and detailed insights from experts in the form of infographics, videos, client stories and articles. The advice will help you solve the challenges you are likely to meet along your journey, including:
- Assessing your needs
- Leasing commercial real estate
- Buying commercial real estate
- Financing commercial real estate
- Closing a commercial real estate deal
Invest in real estate
So, how about your business? Do you need to increase production capacity, make room for new employees or upgrade your facilities?
Visit bdc.ca/realestate to find out what you need to make the right decision about commercial real estate for your business.