Some places have a zoning that is Live/Work. Yes. Sold a live work condo that had a sleep loft, completely legal to live there. Worked in an office building, no, other than taking a nap, living there was not allowed.
Can you sleep in an office space you rent?
The answer is "Yes, you can, but you must follow some very strict rules!" And, "No, you cannot sleep in it!" 1) The area allowed to be written off must be *dedicated* to that use only.
Is it good to invest in office space?
As demand for residential real estate slows, experts say it is a good time to invest in office spaces. Real estate has always been an attractive investment. One reason is the sense of security it provides. If you are an investor looking for returns, commercial property is a good bet at this point in time, they say.
Can you make money renting office space?
That particular payment is also known as rent, and it's one of the major ways to make money from office space. The rent could be paid monthly or yearly. Whatever the style of payment is, rent is a consistent source of money for investors. Renting an office space isn't the same thing as renting out the whole compound.
Can you buy an office space and live in it?
Even if you live in an area that has fairly relaxed zoning lawszoning lawsEdward Murray Bassett (February 7, 1863 ), "the father of American zoning", and one of the founding fathers of modern-day urban planning, wrote the first comprehensive zoning ordinance in the United States, which was adopted by New York City in 1916.https://en.wikipedia.org › wiki › Edward_BassettEdward Bassett - Wikipedia, odds are pretty good that your landlord will have their own rules, which you will agree to in signing the lease. All in all, that makes sneakily living in your rented office or studio space not a great idea.May 3, 2017
Is buying office space a good investment?
For most practitioners, the appeal of buying office space lies in the potential to build equity in the property. Over the long term, if the property appreciates in value, the office may become a good investment vehicle. You may also benefit financially by renting to a tenant unused space in a property you purchase.
How much should you pay for office space?
The US average cost for office space by square foot is between $8-$23. The two starting factors to consider when pricing out an office space is how many employees you have and the location you need the office to be.
How do you calculate cost of office space?
To estimate how much space you need for your next office, multiply your employee headcount by the number of square feet per employee that best fits your density needs. For example, a 25 person company with average space requirements would need an estimated 6,250 square feet (25 people x 250 sf/employee).