What are the financial implications of renting versus purchasing?
Renting a facility typically involves lower initial costs compared to purchasing. This can be beneficial for startups or businesses with limited capital. Renting also offers flexibility, allowing for easier relocation if the facility's needs change. On the other hand, purchasing a facility often requires a significant upfront investment but can be more cost-effective over the long term. Ownership provides the opportunity to build equity and can be a hedge against inflation.
