As you look into expanding your operations, you’re going to need to look for a larger manufacturing plant or a warehouse to stock finished goods and inventory.
Manufacturing buildings, warehouses, and multi-use spaces are all classed as industrial properties. These locations are primarily used for the production of goods, storage, and distribution.
Finding an industrial space that suits your business needs and doesn’t exceed your budget is crucial for the success of your business.
Here are some tips on how to rent a warehouse and other industrial spaces for your business:
Determine Your Needs
As with any other commercial or industrial property you purchase, you will first need to determine your needs.
Think about how you will be using the property you buy. Will it be for storage and distribution or the manufacturing of goods?
Manufacturing spaces may have specific requirements that include reinforced floors, large power sources, high ceilings that can accommodate heavy-duty machinery, etc. Depending on what you’re manufacturing, you may be restricted to specific zones of industrial areas.
Fulfillment and distribution centers require huge open spaces that can be stacked with pallets. Laborers should be able to package and label products easily and forklifts should be able to move around smoothly.
Search for the Best Industrial Property
You can begin your search online, but it’s much easier to work with experienced industrial real estate service providers that know where to look.
If you want an idea of what’s out there search online for industrial properties while keeping in mind your monthly budget, the structural requirements, the location and the amount of space you need.
Visit the Property
Be sure to check out the property in person before you sign any paperwork. Visit the property and evaluate it thoroughly to make sure it meets your requirements. Don’t make the mistake of rushing into a deal.
It helps to visit the property with an experienced real estate agent that knows how to assess an industrial property and can help you negotiate a lower price.
Let the Real Estate Agents Negotiate
You may not understand everything on a lease agreement, but a real estate agent will. They can help you make sense of the technical terms and make sure you’re getting a great deal before you make it official
A good real estate agent can help bring down the costs and save you thousands of dollars every month.
Macomb Commercial Real Estate
Macomb Commercial Real Estate can help you find industrial properties that are tailored to the needs of your business.