Renting a business space is not an easy feat. Not only do you have the legal stuff to contend with, but you have to find a space that is perfect for the size and growth of your company. Being in manufacturing or opening a facility for children’s play usually means leasing an industrial building on an estate with other huge facilities.
We work in a time with rising expenses and investment is difficult. The price of commercial real estate is at a high, so when you’re figuring out what your company needs to be able to soar, this should absolutely be a consideration for you. Before you go and invest in a warehouse facility for your company, you need to look into the features that would appeal to you the most as a new tenant. In the same way that you would look at high street offices or shops for sale, warehouse and industrial buildings need a similar look over before you make your purchase. You need to look at the cosmetics of a warehouse to know whether you need to bring in a roofing contractor or other professionals to tighten up a run-down space. There’s nothing worse than surprise expenses, so look carefully! Don’t forget, you’ve got to look beyond the floor space and loading area and see the parts of the warehouse that needs work before you move in. So, what else should you be looking for?
- Height. Your business operations are going to depend greatly on the height of the building you invest in. There’s no use in putting money into a building that cannot fit the manufacturing machinery you require or has trouble holding the stacking supplies you need. Research the height of the warehouse you need carefully before you go barrelling in.
- Land Area. The more land you have the better. If you are going to be loading and unloading on site, you need to have a decent bit of space to store the lorries you commission. It would also be handy to have a parking area on site for staff and clients, so go for more land if you can.
- Office Space. A warehouse that you buy for manufacturing needs to have a dedicated office space within it, otherwise you’ll have to get an office outside of the area which will cost more money in the long run.
- Location. As always, location is important. If you expect to have staff and have clients visit your space, you need to ensure that you are close enough to the major roads to get to and also be close for the fact your workers will use a lot of fuel when using the lorries to transport goods. Weigh up the pros and cons of the locations you want and shop around; this is crucial.
Buying into commercial warehousing is not easy and does need a lot of research and thought before you go ahead and put your money where your mouth is. Making smart choices and having second opinions is a given, so go forth and shop!