Quote:
Originally Posted by CoryB
City of Winnipeg needs to focus their efforts on getting their office space out of leased locations and into buildings they own.
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Can you explain this a little further? I've never fully understood it.
In the private sector, it would be very unusual for a firm to own all its own real estate (or if they did, as some large retailers do, they would spin it off as its own REIT or something). Except when the real estate *is* the strategy, I think most firms lease the majority of their space.
But there's this idea that it's more rational for governments to own vs. lease space. Why is that?