Thursday, May 1, 2014

Tips for renting warehouse space

Different businesses have different space requirements. One type of space that a number of businesses need is a warehouse. Your specific needs and requirements for your warehouse space will largely depend on the nature of your business and its operations. For startups, small businesses and companies experimenting with an expansion, renting a warehouse is often favored over buying a property. Here’s what to consider when renting out a warehouse…

Consider your current business operations and plans for expansion when deciding on the warehouse size you need.

Size

A warehouse is used to store a business’s goods. Your warehouse size requirements will depend on how much stock you need to store. Consider your current business operations and plans for expansion when deciding on the warehouse size you need. Opting for a bigger space later on will provide you with room for business growth. 

Location

The location of the property will factor into your business expenses. Delivery costs from your warehouse to your regular clients or market will depend on the location of your warehouse too. It may also be ideal to have your warehouse located near your company office. When choosing a location, consider traffic conditions and possibilities of floods. Heavy traffic may cause delivery delays, while a flooded warehouse may render your stocks unfit to sell and sunk costs. Avoid these problems by choosing a good location for your warehouse. 

Facilities

Consider other warehouse facilities you may need. If it’s primarily for storing stocks, ample storage space may do, but if you need employees to facilitate deliveries and do other business-related jobs, you may need some office space, a bathroom and a pantry as well. Check whether you’ll need special storage requirements, for instance, food businesses may need refrigerated storage space. Security is also an important concern for most business owners. Find out if there are CCTV cameras or security guards on post.


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