Should you rent or buy property for your next branch?
Rent or buy, which is the best option for your credit union’s next branch?
If you’re going through a location selection process, you may have many competing voices telling you that one or the other is the better option. But we recommend doing the math independently and understanding how each option would impact your bottom line.
The Cost of Renting
Let’s look through a lease for a property in a small Washington city.
The property is 3,500 square feet for a 7-year lease at $32 per square foot annually.
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