If your organization manufactures,transports,or stocks physical products,then you are likely going to need to lease industrial space,no matter if you use a third-party logistics organization or choose to rent out your own personal space.
Before starting your search,it’s imperative that you figure out what your organizations’ specific requirements are when it relates to industrial space,since not every single space has the same facilities. For example,not all locations can accommodate eighteen-wheeler deliveries. Always remember,renting the inappropriate space can cost your business thousands of dollars,so you as well as your tenant representative need to do your due diligence. Don’t just depend on what the property owner’s listing broker tells you. If you need help with this consider hiring at tenant rep likewww.AustinTenantAdvisors.com.
When you know of your appropriate square footage,layout,location,and monthly budget,you are all ready to start your industrial search and begin looking at locations.
There are a plenty of nuances to contemplate,so it’s essential to clarify the specifics whenever considering a warehouse space. In this article is a list of basic questions to ask before renting commercial manufacturing properties:
1. What is the property zoned for ? You want to ensure the commercial property is zoned for commercial warehouse use.
2. What is the currently approved use? If the location was previously permitted for industrial warehouse & distribution use,and your usage is manufacturing,you may likely need to have to apply for a change of use permit. This could quite possibly take to 30 to forty five working days.
3. What electrical power is accessible? If you’re an engineering operation,then you most likely need to have a lot more electric power than most (e.g. 3 phase).
4. How high can I stack ? In the event that you would like to improve your ability to warehouse materials,then you are in need of higher ceilings. If you intend on using racking in the warehouse then you want to be certain that there are higher ceilings. The higher the ceilings the higher you are able to stack,the less industrial warehouse space you need per square foot.
5. What kind of loading area is available? Does the space come with grade level or dock high loading? In the event that you’re relying upon deliveries with eighteen-wheeler trucks,then you need to get dock high. If you wish to be able to drive a truck within the warehouse then you may need grade level or a ramp.
6. Is the truck court large enough for eighteen-wheelers ? Even if it has dock high loading does not indicate the truck court is large enough for an 18 wheeler to back up or be capable to change directions. Certainly determine if the location is large enough to fit your rig freightings.
7. Is the industrial space sprinklered? Not every single industrial space has sprinklers,still, you may possibly be mandated to obtain them depending upon your business type.
8. Can I park trucks at night? In most cases,companies prefer to park vehicles overnight,although not every single location will authorize this. Several properties may possess bad surveillance,putting your box trucks in danger of theft.
9. For how long of a rental term is required? In the event that your organization is multiplying very quickly then you should only consider industrial warehouse spaces that will allow a short-term rental agreement (For example no more than 3 years) or maybe that might guarantee business expansion opportunities. Lot of times landlord agents will likely pressure you to do a 3-5 yr lease contract.
10. What is the quoted base rent and approximated operating costs? It’s critical that you know what your monthly rental payment will most likely be. Make sure to inquire other things you will be responsible for.
11. What is the car parking percentage? Some Mechanical relevant firms have to have much more vehicle parking than other companies however, not every commercial property can provide this. See to it that your car parking needs may possibly be approved in advance of signing a lease contract.
12. Is the landlord offering a build out allowance? In the majority of cases the warehouse space will need to have some sort of improvements (e.g. new paint,vct,wall structures,demo,etc). The amount permitted will likely be largely based upon the renters credit rating and lease contract term. The larger the rental term the more build out concession you ought to anticipate.
13. Is there heat and air conditioning in the warehouse ? The majority industrial warehouses may be constructed with hot industrial warehouse space. HEATING AND COOLING installation is costly so landlords don’t wish to put in them. If the landlord do allow it they will probably require a longer contract and sometimes an elevated base lease price.
These particular points just scratch the surface,but whenever researching and visiting industrial warehouse sites,it’s vital that you recognize what you are evaluating and what specialised details you require. On the assumption that you aren’t experienced about renting warehouse space,then consider enlisting the services of somebody who is.