There are a lot of different companies that may be in the market for a commercial warehouse. However, after looking at the market, they aren’t sure if buying a warehouse is the right move. It is a large upfront investment, as well as a large ongoing investment with maintenance and upkeep.
Additionally, determining warehouse space needs can be challenging for growing companies. No company wants to invest in a warehouse only to be faced with the need for an expansion a year later. One solution to this dilemma is foregoing the purchasing of a building and finding a warehouse to rent.
Renting a warehouse can solve several possible problems including determining warehouse space needs. As space needs change, the company can choose to rent more or less space within the warehouse. If the available space becomes too limited, the company can start leasing a warehouse that is larger than the previous one.
Leasing office space within a commercial warehouse is also frequently an option if depending on the facility. Manufacturing warehouse space is plentiful in many areas, you just need to know what you are looking for in a commercial property. Since the year 2000, occupied distribution and warehouse space has increased over 86%. This is attributed at least partially to the increase in e-commerce. There are nearly 200,000 people working in the warehouse leasing industry, which demonstrates its size.
Commercial leases can be as firm or as flexible as the parties entering into the contract. Going to a leasing company with a list of specific needs will make it a lot easier to narrow down available properties and contract terms.
Warehouse leasing companies can also help with determining warehouse space needs. Being professionals in the warehousing and storage business, they understanding the amount of product that can be stored in a specific area, as well as the amount of equipment needed to load and unload the inventory.
Read up on the commercial warehousing industry in your region and don’t hesitate to talk to other companies to see what they are paying in rental fees. This will give you a clear perspective of the market and expected expenses.