Are you thinking about renting an industrial property? First of all, congratulations! Renting an industrial property, such as a warehouse, plant, or factory, can be a huge step for you and for your business. It gives you more space to build your business, manufacture products, and store things when you need to. However, finding an industrial property for rent can be a bit overwhelming. One of the most important considerations when you’re looking for an industrial property is where it’s located. Here are a few tips on how to choose the best location for your industrial property rental!
Consider Your Workforce
What’s a business without employees? In order to have a successful business, you must have a good workforce. Considering the potential employees at your business is a great way to choose a location. Consider setting up your industrial property rental in a city with a large manufacturing workforce, such as Asheboro, North Carolina. That way, you’ll be able to recruit people easily to work in your new industrial property. The employees will appreciate not having an excessive commute to work and you’ll be able to call them in easily should there be an emergency or someone calls off sick.
Take Price Into Account
Of course you want to end up with a space you really love, but you don’t want to break the bank to get there. Be sure to set a firm budget before you start looking for an industrial property for rent. Price will vary quite a bit by location, so look into locations that fit your budget. For example, if your budget is $600 per month, it would be wise not to look for an industrial property rental in New York City. If you have a lower budget, try looking in more rural areas where you can get more space for your money.
Transportation and Trade Hubs
Depending on what you’re using your industrial property rental for, you may want to consider a location close to a train station, airport, or sea port. If you’re using the property as a warehouse for production and distribution, you’ll likely want to be close to a transportation or trade hub to make distribution simpler. Depending on how you usually ship out orders, this might mean considering a location near a regional airport or, if your business is a larger one, near a major airport.
Give Yourself Room to Grow
While you should always stick to your budget, you should also allow yourself some room for growth. Sometimes businesses grow unexpectedly quickly, and the last thing you want to do is trap yourself in a space that’s too small. All of the sudden, you’re trapped into a 12-month lease in a space that your business has outgrown. Try to budget for a bit more space than you think you need, so that you have room to grow if and when you need it. If you don’t end up needing that space, then you can use it for offices, storage, and more. Having a little extra space is almost never a bad thing, so long as you don’t exceed your budget to get it.
Do You Need Help Finding The Perfect Industrial Property Rental?
Contact us for help finding the perfect industrial property for lease or purchase! 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 336-895-1336 or visit our website.