As your business grows, you need enough space to store your products and raw materials. Choosing your first warehouse is synonymous with your business success. An ideal warehouse will provide the flexibility to meet your business needs. With a variety of options available to meet your specific business needs, renting a warehouse company is a more viable choice for modern business owners than buying one. For this reason, choosing a suitable warehouse for rent is another step to your overall business success.
In this article, four essential elements for selecting a warehouse are presented. These important factors can help you to intelligently evaluate the proposed choices and select the most suitable one.
Perhaps, one of the most important factors in choosing your warehouse company is your location. Your warehouse for rent should be in an area suitable for convenient transportation for our business. For example, if your company relies heavily on ocean shipments, your rental warehouse should be close to a significant seaport or have easy transportation from the port. Also, the warehouse rental area must provide excellent transportation and logistics connectivity.
Another relevant element is that the warehouse you choose for rent should allow convenient means of transportation for your employees. It should have easy access to public transport and enough space for parking.
- Facilities in your warehouse company for rent
While warehouse features differ from other types of buildings, you should still expect quality amenities. Your rental warehouse company should offer separate female and male bathrooms, ample car parking for your employees and your customers, and great access to public transportation. The project should also have some sort of security system and ready-to-use high-speed internet.
Another essential detail while determining your warehouses for rent is the outdoor area and nearby road conditions. You should inspect their condition thoroughly and request immediate repairs in case of bad road conditions.
- Plan before signing a warehouse rental agreement
Entering into a warehouse company lease is usually a long-term commitment, at least 2-3 years. You should do a full assessment of the condition, specification, and pricing policy of your desired property. Sometimes, the premises may require further renovations, so you should consult the landlord about the costs in advance.
Since you can negotiate the terms with the landlord before signing the lease agreement, the landlord can help you pay for improvements and other related expenses. However, the party will depend on the landlords for such expenses and will vary from case to case. Additionally, you should plan for your production line to support future expansion. The cost of relocation can be very serious.
- Don’t overlook the loading area
Always check to make sure the rental warehouse company has enough fitting loading docks for efficient use. Some warehouses individually provide exclusive loading areas to one tenant, while for other rental warehouses, you have to share with other tenants. Furthermore, loading points have different types and unique features.
In warehousing companies, there are several principles, such as the speed of market supply and meeting demand, the accuracy of continuous supply chain operation, customers can get products easily and quickly, and information about inventory in the warehouse is easier.