Warehouse Space For Rent – Learn How to Save Time and Money by Making the Right Rental Decision
Looking for the right rental property is a rite of passage for many businesses. Most discover that they can save time and capital by warehouse renting rather than purchasing their building. However, selecting the best site for a rental can be a difficult decision. More than one business has found itself stuck with steep fees and inadequate space because they didn’t ask the right questions first. But finding the perfect warehouse space to rent doesn’t have to be a painful experience. Read on for more details…
The first step before even starting to browse the available units is to know what you need. How are you going to use this space? Do you just need a big, empty room. Will the landlord pay for the utilities? If you are doing work in the warehouse, you’ll want to look at electrical outlets, restrooms and the ability to maintain a constant temperature.
Then, you need to consider the amount of space you need. You can find small storage units available for a flat monthly fee, but most warehouse rental agreements charge by the square foot. Some rental agreements dictate that the landlord pays for utilities and other property-related expenses, while other leases require the renter to pay for these expenses. When shopping around for the right size unit, also be sure to ask if you can easily upgrade to a larger facility or if the lease will lock you into that space for a certain time frame.
Once you have determined your space criteria and the necessary amenities for your business, it is time to start looking at the available sites. You can search online for available warehouse space to rent or speak with a local, commercial real estate agent.
As you tour the potential sites, consider your shipment needs. If you will just be storing products for an extended period of time, a location off the beaten track might be fine. However, if you expect weekly deliveries, look for a location near an expressway or seaport. Also determine how you’ll need to access the warehouse. For example, if you’ll be receiving truck deliveries, a truck delivery door will be essential.
When you think you have found the right warehouse for rent, talk to the landlord or property manager before signing any agreement. Learn exactly what the owner will provide and what your responsibilities are as a tenant. Be sure to ask about any local zoning or municipal ordinance requirements. If the property manager can’t give you a definitive answer, check with the local government. Nothing is worse than signing a contact to lease a warehouse, only to learn later that your expected use is not allowed per the local zoning requirements.
Finally, when choosing the right warehouse space for rent., always insure your equipment or any goods that will be stored at the location. In case of a fire or other disaster, your landlord’s insurance is not going to cover your items, so you will need to purchase your own rental insurance. Not only do you need insurance for your inventory, invest in a good liability policy in case a worker is injured on the site.
By using these simple tips, you can find the right rental property. Carefully, read the contract provisions and then sign on the dotted line. Congratulations on taking your business to the next level with your new business space!