As a business owner seeking warehouse leasing companies for space on rent, it’s crucial to recognize that not all warehouses are created equal. So, by ensuring that you select a warehouse that truly aligns with your business needs after carefully conducting preliminary research, you can save time, & money and avoid disappointment.
Industrial properties can serve various purposes, from storage to production and distribution. Each warehouse you consider will come with its own set of specifications and responsibilities, so it’s essential to grasp the intended use of the facility and pose relevant questions to the warehouse developer and listing agent to ensure it meets your requirements.
1. Assess Your Storage Consumption
Before finalising a warehouse space, it’s essential to review how landlords measure square footage. Ensure you are paying only for the actual room you occupy, typically referred to as available square feet. Some landlords might include the area under the building’s drip lines, while others may measure from outside the warehouse.
2. Prioritise Security
When it comes to warehouse rentals, security should top your list of priorities. Especially if you store valuable items, their safety is paramount. Assess the security measures in place to safeguard your goods and minimise risks.
Begin with the surrounding area. A fenced perimeter with restricted access will significantly deter potential intruders. If necessary, consult with your l to explore the possibility of installing electrical fencing. Inquire about surveillance and consider the presence of daily guard patrols, which can serve as effective deterrents to criminal activities. Tech security measures can also be looked for
3. Location
When considering the ideal location for leasing from a warehouse company in India, conducting a thorough study of the surrounding area is crucial before finalising any contracts. Is the warehouse conveniently situated near major highways for seamless transportation? Are there nearby restaurants or service businesses that your employees can access?
Additionally, it’s essential to check the zoning laws in the region to ensure they permit your company to operate a warehouse. Transportation accessibility for your workers, whether via public transportation or with ample parking options, should also be taken into account. If you understand the dynamics of the commercial real estate market in the area, it will make it easier for you to determine the appropriateness of the proposed rents.
4. Operating Expenses
One of the critical aspects of regular warehousing operations is evaluating the operating costs and whether they are included in the lease. It’s essential to carefully consider what your contract encompasses and excludes, such as roof repairs, taxes, insurance, and maintenance. Some of these costs may fall under your responsibility as the tenant. To ensure all bases are covered, take the time to inquire about the day-to-day maintenance tasks, such as lawn care and waste disposal.
Your primary objective should be to find warehouses capable of handling your volume while ensuring the safety of your products during storage. While price shouldn’t be the sole focus initially, it can become crucial to you as you narrow down your options to a few potential choices. When you have a shortlist ready, compare the prices for the specific functions you require to determine the most suitable option for your needs.
5. Consider Loading Docks
Loading docks play a crucial role in facilitating secure and efficient building access, yet they are often overlooked when people are looking for warehousing in Chennai. Because the large or long vehicles necessitate additional turning and repositioning space, certain older industrial buildings may not be capable of accommodating such vehicles, which is a problem you will never face with us at Hiranandani Industrial Parks.
Conclusion
Compared to managing a standard office space, running a warehouse involves different considerations with shared aspects. Essential amenities like designated restrooms for both men and women, break areas, and employee parking or access to public transit are to be taken into account. Additionally, it’s prudent to ensure high-speed internet availability at the location, as certain warehouse management software (WMS) or inventory systems may rely on internet connectivity.
Furthermore, specific warehouse features warrant careful evaluation, such as the space’s capacity to accommodate various goods and suit your business’s unique requirements. For instance, if your business deals with perishable items necessitating refrigeration or it generates hazardous waste, addressing these concerns before signing the lease is of utmost priority. Developing a well-defined strategy for safe storage and disposal of raw materials or byproducts is necessary for you from the get-go.
Considering that leasing commercial space often involves a multi-year commitment, we advise you to explore the availability of additional open space either within the warehouse or nearby. Doing so will prepare you in case your business outgrows the initially agreed square footage, allowing for seamless expansion without disrupting your current operations. Given that any potential disruptions to your storage centre should be minimised as it’s vital for the continued success of your business.
