I’ve heard there’s a lot of cheap rental space available. Wouldn’t cheap rent be preferable to buying?
No. A surplus of affordable rental spaces does not promise stability for the nonprofit sector. While short-term leases may be favorable to nonprofits initially, when rental markets heat up, landlords begin increasing rents and canceling leases. During a down-cycle, organizations can be lulled into complacency as the tumultuous real estate market momentarily abates.
