Identify your needs. Walk through your operation step-by-step, listing the warehouse requirements at each juncture. You may need electricity and a certain number of outlets. You may need a water source. Ceiling space may be a concern. Your warehouse may also need to maintain a certain temperature.
Consider whether this will be a working warehouse. Some warehouse space is used only for storage. If employees will be working in your warehouse at length, you will need restroom facilities, proper ventilation, parking spaces and a break room.
A warehouse manager needs to perform several crucial functions such as overseeing and recording deliveries and pickups, loading and unloading materials and supplies, maintaining inventory records and tracking system, determining appropriate places for storage, rotating stock as needed and adjusting inventory levels to reflect receipts and disbursements.
Maybe there’s an entire office filled with items that are no longer in use or will not be needed for some time, all utilising that all important space that, if it was free, could prevent you from having to consider moving to a new office.
Check out the landlord and the property management. Ask other tenants about the quality of the services provided. Make sure the buildings are up to safety code requirements. Recognize your responsibilities as a tenant. Do not assume that the landlord will do certain things. Don’t agree to anything that is not spelled out in the lease.
Understand your lease. Commercial lease terminology can become complicated quickly. For instance, a triple net lease makes you responsible not just for the rent but for all expenses associated with your warehouse space as well. Have your attorney read over the lease before signing it.
Know your rights as a tenant. Most warehouse leases remain enforceable even if ownership of the building changes. Make sure the lease addresses your inability to use your warehouse space due to a problem caused by the landlord.
What’s more, your items will always be readily accessible from the storage rooms you rent out – which frequently come with flexible terms so you’ll only be paying for what you use. Not only that, but business storage is cheap and quickly implemented – far more so than the stressful and time-consuming aspect of moving office.
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