Renting any type of building can be stressful at first, especially when the space is a big warehouse. There are a lot of factors to consider when looking to rent warehouse space and it is very common to get overwhelmed. We are here to help and to give you everything you need to know about warehouse leasing. We have compiled 5 helpful tips for when you are looking to rent warehouse space.
1 – Do Your Research on Square Footage
Square footage is one of the most crucial parts of when looking for any type of warehouse space. It is extremely important to make sure you are getting the right amount of square footage that you need while also paying the correct amount. Before looking at warehouse spaces, make sure you know exactly what size building you are looking for.
Also, landlords tend to calculate square footage differently. When looking at a warehouse, make it clear with the landlord how they are calculating the price and also what all is included. This will make it clear what you will be paying for in the future.
2 – Know Your Budget
Renting a warehouse building can often be a pricey investment. With that being said you do not want to be paying for something that you don’t fully use. Make sure you know your budget and what you can afford.
You also want to make sure with your budget you are getting the most for your money. Make sure to fully communicate with the landlord on what all is included. Talk through any questions you have to ensure everyone is on the same page.
3 – Expansion Opportunities
When first looking to rent warehouse space it is important to think about the big picture. Are you looking to grow your business? Will you need more space sometime in the future? It is good to know these types of things in advance. From there you can talk to the landlord about expansion opportunities.
Oftentimes landlords have properties available that can contain expansion opportunities. This can make things easier down the road when growing your business. Whether you have an e-commerce store or something else growing and expanding your business should always be somewhere in the back of your mind when looking to rent a warehouse space.
4 – Know Your Location
When looking to rent warehouse space it is great to start with the location. In a perfect world, where would your ideal location be, and why? From there you can start looking for warehouse spaces in that area.
You also want to make sure that what you are looking for is in your area. Renting the perfect space can sometimes be tricky to find, but not impossible if you know what you are looking for and where you can clearly communicate that to help find the perfect space.
5 – Length
How long are you planning to rent warehouse space? Trying to forecast into the future how long you plan on renting can often help you save money. Make sure you know if you only need the space for a couple of months or if you plan on staying in the space long term.
By knowing a good idea of the length of your stay you can better negotiate the price of the space. If you only see yourself needing a space for a couple of months it is not the best move to agree to renting for multiple years. Make sure you know this ahead of time so you don’t end up wasting money in the long run.
Looking to Rent a Warehouse Space?
Are you looking to rent warehouse space and need some help? Schwarz Properties specializes in commercial and residential property management in Virginia, South Carolina, and North Carolina. We lead the market for industrial and warehouse spaces for lease and our portfolio also includes retail space, restaurant space, residential, office space, and many more. Please contact Schwarz Properties at (336) 625-6076 or visit our website.
