In order to choose a warehouse space for lease in the most practical sense, consider the following elements:
The Layout – will the layout of the warehouse space be conducive to how you manage inventory and the flow of everyday operations?
Square Feet – is the warehouse space large enough to accommodate employees, equipment and traffic? This is one of the top elements to consider before renting any type of commercial property including leases for restaurants, offices and retail for instance.
Truck Accessibility – one of the predominant operations of a warehouse is also managing the pickup and drop off spaces of fleets. A fleet manager may need to be called in to collaborate with the warehouse manager for determining whether truck access will be an issue in a potential space.
Storage – where will inventory be stored safely? Is it practical, climate controlled and spacious enough to suit all the business needs? This is one additional question to ask before making a final decision.
Climate Control – which was mentioned earlier is another important element to consider, because heat and cold has the potential to destroy certain products. To preserve the integrity and quality of the goods being handled, it’s of utmost importance that the warehouse has several features for climate controls in different spaces. As an example, perishable foods will need to be handled based on the FDAs requirements. Electronics too, will need to be preserved against excess heat and cold.
State Mandates – warehouses are required to have running water, bathrooms and other mandates outlined by the state, in order to keep workers and customers safe. Explore these criteria with the Department of Revenue, and other authoritative websites to find out more details about how to pass the inspection once the space has been rented.
Safety – how safe is the property? Does it have sufficient exit doors in the event of a fire or flood? How about security features, like surveillance cameras or fire extinguishers for instance. It’s important to plan ahead for the unexpected.
The Budget – before any planning of space is considered, it’s important to manage the current corporate budget. Warehouse managers or business owners will need to outline the pricing boundaries, and then from there, call a commercial property manager to find locations that meet the criteria of pricing, as well as other factors discussed above.
Some of the above factors can also be considered if you’re renting a restaurant property for instance. As stated earlier, connecting with a commercial real estate agent can save you time, money and headaches when choosing business locations to meet your needs. Consider choosing a commercial real estate agent that specializes in this particular niche of warehouse leasing. Negotiations can be made on the renter’s behalf where pricing is concerned, as well as the length of the contract.
It’s important that the agent understands logistics and what’s entailed in the successful operation of a fleet and warehouse, regardless of the state it’s located in. Start your search online for a warehouse space through real estate or directory-related listings.