In commercial real estate, a longer lease will usually give you a better rental rate, but many companies are hesitant to opt for a lengthier lease due to worries they'll end up in a space that doesn't suit their needs and be locked in. To decrease your risk of making a mistake when you're selecting a building to lease, do the following:

Recent developments in the commercial real estate world could make it seem like leasing is becoming a less attractive choice. An ongoing climate of low interest rates make purchasing less expensive while skyrocketing property values in some markets could make it seem like if you don't own, you're missing out on an opportunity to participate in appreciation. At the same time, changes in lease accounting standards are removing some of the financial benefits of leasing.