The lease versus own question is in essence a financial decision. However, stakeholders and decision-makers should not overlook aspects such as overall investment strategy, expense deductibility, opportunity cost, risk, flexibility and quality of premises.
When it comes to the lease versus own decision, there is no such thing as a “one size fits all” solution; each organization must create a checklist that addresses individual goals and needs. Certainly there are differences within public sector versus private sector decision-making, and some goals are not interchangeable.
Let me help you review the aspects that will drive the decision making process:
Economic Environment – Cost of Ownership versus Leasing – Location – Opportunity Cost – Flexibility and Quality