Why Choose UsWarehouse, Office, Retail, Tech, Medical Space; Choosing the Right Location. You should establish a price range before you look at any spaces and do not allow yourself to go above the highest price point no matter how much you desire the amenities and offerings or how much another party pressures you to select a more expensive space. Going above your budget will destroy your profit margins and potentially the success of your business.
Evaluating your reasons for having a warehouse, office, retail, medical, or tech space will greatly assist in the often daunting process of choosing an ideal location. Selecting the appropriate and ideal location of a warehouse, medical, office, tech, or retail space requires great consideration for your end goal.
If you simply wish to store files or any items you will not be required to access on a daily basis, you should consider a number of factors regardless of the items in storage. Do you require a climate-controlled facility? Does the facility have security cameras and regular security checks? Do other people have access to adjoining warehouse space? These are all questions you should be asking yourself when choosing a location for your basic warehouse needs.
If you are choosing a warehouse, office, retail, or tech space for lease to be used as an operations location for manufacturing , adim or finished goods, you have much more to consider. One of the most important aspects pertaining to a warehouse for your specific needs will be to select a property that is easily accessible for shipping trucks and employees to come and go. You should be close to roads that will ensure your transportation times do not become so atrocious that you begin to lose clients.
You must also ensure you have space for break rooms and offices, or tech if necessary. These spaces can easily be created if they do not exist, however keep in mind it may create additional costs if such additions are not included in the lease. It is also crucial to ensure the warehouse office, and potential tech space meets all existing state and federal regulations pertaining to safety and ISO standards. Again, if they do not meet these requirements, this could add to the cost of the office, warehouse, or medial location. Fortunately, this is when your understanding of the methodologies for securing the most ideal commercial office, warehouse, tech, or medical space will be advantageous.
General Tips for Every Space Do not wait until you must have a space. You will lose all negotiating power if you are in an urgent situation. If you are moving locations, it is ideal to begin your search roughly 18 months prior to the expiry date on your existing lease. It may take from 3 to 6 months to complete lease negotiations and to complete location enhancements.
Try to include a 90-day termination clause that states either party possesses the ability to terminate the lease with a notice of 90 days. This is often not favored by landlords, but in the right circumstance, they will reluctantly agree. If you have received an amazing offer on your ideal location, do not include it to be certain no one outbids you for the space and you are forced to vacate your perfect location.
Do not forget to ensure the space is handicapable.
Ask for information pertaining to any space prior to a viewing to avoid losing any negotiating powers and prepare a list of questions in advanced based on the information you have received.
Do not rely upon the certainty of just one space. You should always have at least one contingency location in case the landlord selects another renter. You can also leverage the two in negotiations to receive the best possible deal.
An annual increase of 3% is industry standard and in some circumstances 4% is considered acceptable if the landlord is willing to make continued improvements to your space.
Get everything in writing pertaining to anything the landlord promises you and maintain digital and hard copies of everything. If the landlord says they will allow you to pay rent on the 15th of every month rather than the 1st, get it in writing!