There are many reasons your company may be on the hunt for a warehouse for lease. These spaces are ideal venues for manufacturing and distribution purposes, but smaller retail businesses may find value in them as well. You might use the building for indoor sports and other recreational activities or as an auto repair shop. There’s no limit to what you can do with the right property.
If you’ve never entered into a warehouse lease before, there are some things you should consider. Be informed before you start your search.
How Warehouse Leases Are Different
Renting a large warehouse presents different challenges than your typical retail shop. For starters, these spaces usually need a vast number of improvements to get the building to work the way you need it to. Because of these changes, you may be asked by the landlord to cover things like insurance, maintenance, and taxes. Make sure you understand what type of lease you’re signing; this will tell you everything you’re expected to pay.
Because warehouses are often used for storage and large-scale equipment, they make use of vertical space. Your rent is often calculated based on cubic feet rather than square feet.
What to Consider When Choosing a Property
When you’re looking for a warehouse for rent, you need to start by breaking down what needs it must meet. How will you use the space and what priorities satisfy this purpose? As you hunt, keep in mind the following key concerns:
- Loading dock specifications
- HVAC condition
- Maximum floor load
- Power and electricity limits
- Parking availability
- Zoning and occupancy options
Depending on what you require, you may be able to transform a space that does not currently meet your needs. It’s a good idea to research expenses beforehand to decide if a full-scale makeover is even in your budget.
How to Lease a Warehouse
Determining your search parameters and finding the right space is only part of the process. It’s important to discuss terms carefully with the landlord and come to a clear agreement over what is expected from both parties. This is where your real estate agent comes in handy. With years of experience in these types of negotiations, he or she can help you understand exactly what it is you are signing.
Need help finding your perfect warehouse space for rent? Contact us at Royal Commercial Real Estate, and we’ll take your requirements and conduct a thorough search for properties. We’ll help you find the right building and guide you through the process to secure it.
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