Whether you’re looking to rent warehouse space for storage or manufacturing, there are several factors you should consider when choosing a location. You’ll want to find a space that’s large enough for your current needs but can also be expanded to accommodate future growth. Additionally, you’ll need to determine what services will be necessary for your business to function and the associated costs.
While there are pros and cons to both buying and renting a warehouse, for the majority of companies, leasing is a better choice because it offers flexibility to adapt to changes in the market. Moreover, leasing can save companies on the expense of a downpayment, maintenance and repairs.
On the Market: Finding and Renting Warehouses for Your Business Needs
As for the cost of renting warehouse space, it’s important to understand how lease rates are calculated. Typically, warehouse landlords will quote a base rental rate that’s per square foot plus NNN or CAM (additional operating expenses). Depending on the size and location of the property, these additional costs can add up quickly.
When searching for warehouse space, it’s essential to consider the area’s accessibility. It’s a good idea to conduct a survey of the surrounding region before signing a lease contract, in order to see whether the warehouse is conveniently located near major highways and if there are service businesses or restaurants that workers can use for lunch. Furthermore, it’s a good idea to make sure the warehouse has ample parking and accessible public transportation for employees to get to work.