For tax purposes, and for logistics I am going to open up a full time photo studio in the bay area. With lease rates down below $1/sq foot I am looking at a 500sq foot office with 12 foot ceilings. There is another space with higher ceilings and natural light for 700 sq feet, but there would have to be some leasehold improvements for the space.
Not wanting to regret my decision I am leaning toward the 700 sq foot location, but if 12 foot is adequate that would be great because of cash flow purposes. All other available spaces have 8 foot ceilings or cost an arm and a leg.
tax reasons: Since I don't own my home I cannot deduct the shooting area from my taxes. Now with a permanent address I will have a mailing address and a legal write off from the taxes.
Your insight is welcome.
Loren