Office Condo .org

Its fair to say that most doctors, dentists, lawyers, accountants, entrepreneurs, and other successful small business owners own the house that they live in. While 60 to 65% of the general population owns rather than rents their residence, the percentage is probably 80% or higher for this group. While most of these people own their own house, most do not own their own office. Those that work out of office space overwhelming rent rather than own their office. For those that want to own their own office just like they own their own house, there is an alternative. Office condos allow the small business owner to purchase a portion of a building or an entire building in an office park with several similar buildings.

The markets where office condos are most common include Phoenix, Las Vegas, Dallas, Austin, Houston, and several markets in Florida. Phoenix is probably the home of the office condo. Several developers focused on office condos during the 2000-2007 period with developments springing up all over the Valley. These office condos were not just limited to the wealthier areas where the affluent can buy an office condo 5-10 minutes away (Scottsdale, Ahwatukee, North Phoenix, Arrowhead Ranch, Anthem, etc.) They literally sprang up all over the place from exurban areas like Queen Creek, Surprise, and Casa Grande to every neighborhood in between. Basically anywhere new homes were going up, there seemed to be office condos.

FIND OUT: 10 REASONS OFFICE CONDOS ARE POPULAR.