The right lease can change your business's outlook

When you're ready to purchase or rent commercial real estate, you do have every right to be picky about your business. Your decision to lease a storefront, for example, could make or break your company depending on its location.

As a new buyer or renter, one thing you need to think about is the landlord's desire for a certain kind of tenant. If there is a large area that needs to be filled, for example, he or she may be seeking out a restaurant owner to fill part of the void and then try to fill other spaces with retail outlets.

Landlords want to get the right mix of tenants in their facilities, so they can hopefully guarantee themselves an income. On your side of the equation, fitting into a group of the right tenants could skyrocket your business, even if it's relatively unknown.

For example, if you are looking at a retail outlet space for your clothing store, you may want to make sure you're in an area with other shops and restaurants. This means that more people will come to the area, so you have a higher chance of drawing in customers.

On the other hand, you may not want to move into a mall where few stores are left simply because of cheaper rates. It might fit your budget, but when few customers head your way, you could find your business failing.

Our website has more information on leasing and the things you should consider. Your business's future could depend on this move, so it's important to protect yourself.