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No space? No problem! Try leasing a commercial lot


It may seem like one of the biggest dilemmas of a neophyte entrepreneur is whether to lease or buy a space for his business.


This question pops out after an owner determines the facility needs of his business. A problem, though, arises when owners fail to recognize the benefits of the other before making a move. This could then pose problems as the business course through tough waters or see an instant boom.


At first glance, it would seem like the best choice is snapping up the property and splurging a part of your capital on owning a facility. But this could raise the upfront cost of setting up your business. Add to that the appraisal and maintenance cost, as well as a deposit and the property improvement cost. Looking at it in the long run, owning up a property could be a good investment. However, this is not the case for everyone.


Some business owners might find leasing a business space as a viable option. For starters, leasing entails flexibility as you have the ability to adapt quickly with the changes in the market. If for instance your business sees success in just a few years and needed to secure a spot somewhere else as you expand, it would be easy to do so without any baggage. It would also be much easier to pack your bags should the markets do not go so well.


Leasing also gives you an opportunity to rent in prime locations, which may otherwise cost too much for a starting business to afford. According to an opinion piece by Nita Arora-Parkes from the Australian publication My Business, the money saved from not buying a space allows businesspeople to respond to opportunities in the market faster. She also noted how leasing is not a necessarily a long-term financial commitment, which will turn out beneficial for someone who is just starting a business out.


Commercial properties for lease


In some provinces around Metro Manila, there are a lot of places where businesses can set up their facilities. Establishing a space outside in Metro Manila is ideal for those looking for cheap options but still want to be able to access major business districts.

One space up for lease is a prime industrial lot in Laguna International Industrial Park. The space is a 3,827-sqm lot, which can be rented for Php574,050 per month. There is also a 425-sqm commercial lot in Naic, Cavite, which can be rented for Php50,000. There is also a 10,000-sqm commercial lot along Emilio Aguinaldo Highway in Imus, Cavite, which can be leased under a long-term agreement for Php800,000.


Commercial lots are also available in some Metro Manila cities for affordable prices. In Parañaque, a 4,000-sqm commercial lot near Ann Arbor Montessori and PATTS College of Aeronautics is up for lease for only Php400,000. For those looking for a commercial property in Metro Manila with a long-term lease agreement, they can try the one at 159 Quirino Highway Lopez Compound Baesa in Quezon City. They have two options: Either to lease the whole 2,058-sqm lot or avail to rent only a 1,029-sqm portion of the lot.