Do you own a business and you think now’s a good time to finally rent an industrial space? Do you want to expand, grow, and develop your business operations, or possibly your manufacturing processes?
An industrial space is generally any property that includes places such as warehouses, facilities, manufacturing buildings, factories, offices, and multi-use buildings. Such establishments are typically used for product research and development, production, service, storage, and distribution of goods and other materials.
So many of today’s organizations, companies, and businesses are beginning to realize the importance of industrial spaces, especially for those businesses that involve product manufacturing, and those in need of storage. Industrial spaces are considered a significant help to almost all companies in different industries, primarily because of their vast area versatile enough for any type of business process or operations. For one, LSCR’s Kansas City warehouses are firm testaments to this. Til this day, the company serves hundreds and thousands of businesses through leasing functional and flexible warehouse spaces in Kansas City, a prominent city in Missouri, mainly because of the abundance of warehouse spaces.
Do you own a business and you think now’s a good time to finally rent an industrial space? Do you want to expand, grow, and develop your business operations, or possibly your manufacturing processes? Below are a few things to remember before renting an industrial space:
Is Now A Good Time To Rent A Space?
I know, I know. This may sound counterintuitive to the questions posted above. However, it’s an important subject to ask yourself. Is now really a good time to rent a space? Does your budget actually call for it? Will you be able to perform operations well? Do you have enough manpower to operate an entire facility?
These are some of the most crucial questions you need to be asking yourself before considering leasing an industrial space. You wouldn’t want to end up bankrupt because of mishandled expenses and your failure to track each cost. More than that, you wouldn’t also want to cease operations just because you weren’t “ready” for it. Assess and evaluate all factors before you commence your operations. That way, you can prevent any unwanted circumstances.
Heating, Ventilation, and Air Conditioning (HVAC)
Nowadays, most landlords do not automatically install HVAC in their industrial spaces. So if you need it, ask for it upfront and immediately. Meanwhile, if you find yourself renting a space that already has HVAC units, try to ask the landlord for it to be inspected and repaired (before moving and settling in), should there be anything that needs fixing. Usually, HVAC units are what could make your leasing even more expensive, so you have to make yourself aware of what you’re paying for. Who would also want to spend big amounts only to be given faulty HVAC units, right?
Most–if not all–industrial spaces are rented on a per square foot basis. With taller ceilings (and a right rack system), you can stack and store more items such as pallets and boxes. However, if you don’t need to store and stack items that high then a much taller facility could leave you with so much wasted space and money. Before renting, make sure that a particular space looks and feels as if it were made explicitly for your business operations, products, and other items. Otherwise, you’re willing to pay twice as much without getting the most out of it (which is very impractical, by the way).
Floor Loads, Design, and Layout
As you inspect the area, pay attention not just to its ceiling but also the floor design and layout. Some buildings are not designed to carry heavy equipment and other items, and this could cause significant problems throughout the entire warehouse. More than that, it can also increase risks and accidents, so make sure your landlord knows and understands your line of industry and how you’re going to be working on their space so they could inform you about the building’s capacity and verify that their space will work.
Some industrial operations can require a lot of power. Before signing a leasing agreement, make sure you confirm with the landlord the type of power you’ll have access to. Of course, you want to make sure that the facility you’ll be operating has enough power to supply your needs and other operations. Once you sign an agreement and find out the power is not enough to satisfy your needs, there could be issues along the way.
Door and Column Spaces
Your racking system, door, and column spaces should all complement each other. If not, you can potentially end up with so much wasted space (and money). Your loading and unloading dock or area can also affect the entire operation. More than that, it can tell how efficient your space is. If you’re not familiar with these things, better hire and discuss matters with a space planner for more efficient layouts of your facility. That way, no space and money are wasted!
Renting an industrial space is a big step towards achieving your company goals and objectives. While you’re at it, you might want to consider those mentioned above before signing any leasing agreements to ensure seamless operations all throughout your facility. Better to be sure now before things are settled than to regret and lose capital in the long run.