Things to Keep in Mind Before Renting a Warehouse

Renting a warehouse space is probably a must for large or semi-large organizations. Some of them even own their warehouse space. This would save them a lot of money in the future. There are a few important things to note before renting a warehouse. These vital things help to keep expectations at bay.

 

Proximity to Customers

Most customers tend to pick up their goods from the warehouse. It’s best to rent a space that is centrally located. Additionally, the central location would also be advantageous to the business. This is because goods can be transferred from the office to the warehouse with ease. In turn, this saves transportation costs and would be an easy route for customers and suppliers to navigate.

Price Per Square Meter

It’s also vital to ensure that you are only paying for the space you are utilizing. This article by AustinTenantAdvisors.com sheds more light on this. Unfortunately, a survey reported that some warehouse owners are ‘shylocks’ when it comes to billing their clients. Get conversant with the price per square meter in your territory before signing that check.

Budget

It’s important to ask yourself the famous ‘how much are you willing to spend’ question? This is necessary for determining the kind of warehouse you should go for. Also, it’s very essential to determine the number of goods that would need to be stored in the warehouse. This is because the larger the quantity, the larger the space that would be required. Again, ensure the price of the warehouse is not exorbitant. This means that the cost of the warehouse must match the benefit you’re deriving from it.

Weather

Climate change is a big deal. You must double-check that warehouse before entering into any agreement. Be sure to check if it dampens during cold weather as this might damage the goods being stored in it. Also, be sure that hot weather won’t harm the contents you intend to store there. You can also avoid such mishaps by extra-wrapping the goods and providing a lift. This lift should be elevated above ground level and should have little or no contact with the wall.

Time Frame

Knowing the exact time frame that you’ll be hiring the space for, might save you a great deal of cash. This is because your lease arrangement would not exceed such a period. This saves you the stress of asking for a refund and all the paperwork that comes with that.

Also, you might get lucky and find a place that allows you to pay in bits or apply the ‘pay as you utilize approach’. Whatever the case may be, it’s best to have a rough idea of how long you’ll be needing the space. This can even get you some discounts!

 

Renting a warehouse space

Additional Expenses

There are other factors to be considered as this might influence your decision to hire or jettison the warehouse space. Factors such as who pays for the electricity bills? It’s important to have all these discussions before entering any contractual agreement. Again, you should also have an idea of other factors that you think might require you to part with extra cash. All these and other concerns should be discussed and clear information that you comprehend should be obtained. In a nutshell, all running costs should be discussed with the landlord and a legal representative can be present as a witness to these matters.

Special Needs

Depending on the nature of the goods to be stored in the warehouse. Some goods might need to be placed in a special spot. This might be due to their fragile nature and items that are perishable would naturally need to be kept in a refrigerator. Other items might need to be secured in a well-ventilated atmosphere. These are some of the points to bear in mind when scouting for a warehouse.

It’s advisable to rent a warehouse that has enough parking space to accommodate all kinds of vehicles. This is because suppliers and customers might be visiting at the same time. The suppliers would probably drive-in with their trucks to offload goods. While customers would be there to pick up their orders. Both parties must be catered for and have easy accessibility to the parking lot.

Owning a warehouse is pretty expensive. Most businesses cannot afford to part with such huge sums. Hence, it is advisable to rent available spaces. Be sure to do a proper background check before making a decision. Also, read all contracts about the lease carefully before signing.

 

Also, discover What To Know About Business and Investment Properties Before Purchasing One

Comments are closed.