Steps to Lease Manufacturing and Warehouse Space
Leasing Manufacturing, Warehouse and Commercial spaces is almost always more cost effective than building a large space of your own. Once you know what your needs are – and how much space you require, you will need to understand the type of leases, how to negotiate leases and most important is how to protect your rights as a lessee.
For organizations that require large amount of Industrial space such as warehouses, a Commercial Broker or an industrial park would be an ideal location to find facilities for lease. Industrial Parks are land complexes that are divided into large sections that can be used for building or leasing a Manufacturing and Warehouse Facility, Storage and Distribution space, as well as space for light manufacturing and many industrial applications.
There are many benefits of leasing an Industrial building. Some of the advantages includes:
- Preservation of Capital: Most companies would rather reserve capital for expansion of their operation as opposed to spending precious cash on real estate. That is truly the #1 reason why you look for Industrial space to rent.
- Affordable, Flexible Lease: Large industrial space is significantly more cost effective to rent than finished commercial office spaces or established retail spaces. The industrial spaces can be used for a variety of purposes – leasing agents and commercial Attorneys can also be handy when dealing with the terms of industrial space leases.
- Cheaper to renovate than purchasing a building: If one needs custom designed facilities, but cannot spend to purchase and renovate your own building. Most of the industrial spaces for rent allow tenants to build out, modify or renovate warehouses into production or even distribution facilities.
- Provides More Zoning Options: It may be easier to convert industrial spaces into manufacturing and office than to convert existing building in areas zoned for other purposes.
- Add Usable Sq. Feet without increasing Rent: Most of the large industrial spaces have higher ceilings. Space is usually leased by the square foot – but can be rented by the cubic foot – ask your Industrial facility representative. Ken Garcia 859-494-5521