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Don’t Lease Industrial Space Unless You Have Acknowledged These 8 Tips!

Commercial Space Toronto Blog

Don’t Lease Industrial Space Unless You Have Acknowledged These 8 Tips!

22 Industrial space can be used with a variety of purposes such as manufacturing products, storing various goods or distributing them. Therefore, those who think of renting industrial space need to make this step carefully and assess their needs and preferences before signing a contract. If you need to rent a warehouse in the near future in order to expand your business, here are several tips and tricks you need to keep in mind.

Discuss everything with the landlord related to property maintenance

The costs of maintaining a large warehouse can be substantial, especially in the long run, and that is why such things should be discussed at length when negotiating the lease terms. For example, the tenant might need to pay for snow removal and landscaping on a regular basis as well as trash removal services. Every aspect related to property maintenance should be written down before signing the contract.

Make sure that the industrial space features an adequate power source

It is very important for the warehouse to be properly equipped when it comes to electrical capacity. The tenant might require a lot of power for his facility and he might want to hire a professional electrician who can inspect the warehouse. One of the worst things that can happen is to buy a warehouse which is either underpowered or can lead to a transformer problem.

Make sure that there is enough room for trailers to move

Many businessmen require warehouses in order to store various goods and products which are brought by 18 wheelers. If this is the case, one should carefully inspect the industrial space he wants to rent in order to find out if there is enough space for a large truck to move around. These days, 18 wheelers are a little bit larger than in the past and some warehouses might not feature enough space to accommodate them. Similarly, it is important to know the exact size of the parking lot and if it can be expanded in the future.

Speak with other tenants

Those who want to rent industrial space might get useful information from current or past tenants who used the warehouse previously. For example, these tenants might share their opinion about the relationship with the landlord, if they had a positive experience in the latest years, if criminal activity has been reported in the area recently and so on. Such accurate information can help the new tenant make a better decision when renting warehouses.

Don’t fall in love with a particular industrial space

In many cases, people who rent industrial properties immediately fall in love with a particular feature of a house and they won’t change their mind for nothing in the world. For example, they might like the view, the quietness in the area, etc. However, things are very different when it comes to renting warehouses. Those who are looking to rent a particular industrial space should see a lot of warehouses before signing the contract. They need to take into consideration the pros and the cons of every industrial space, so that they can make a decision which will be satisfactory for years to come. In other words, impulse shopping and industrial spaces simply don’t mix.

Ask questions about the HVAC system

A quality HVAC system is mandatory in a busy industrial space. Some warehouses already feature an HVAC system while others don’t. If the industrial space rented doesn’t have a HVAC system, the tenant might want to install one on his own and this subject should be discussed at length with the landlord. If the warehouse already features a HVAC system, the tenant should inspect its condition and improve/repair it if it is necessary. Also, the tenant should discuss with the landlord who will pay for repairs, HVAC maintenance and installation, and etc.

You might need to install telephony and internet services as well

Surprisingly for these modern times, a lot of warehouses or other industrial spaces don’t actually feature telephone systems and internet or if they do, they are quite old and rusty. If a tenant runs a business which heavily relies on modern communication systems, he should discuss with the landlord and ask for permission to install better telephony and internet systems. Also, the tenant and the landlord need to agree on who will pay the bills, maintenance fees and installation costs.

You might require signage installation around the industrial space

This is another important aspect which should be discussed with the landlord. Installing signage might be required by law and it is an additional expense to bear. When negotiating the terms of the lease, this subject should also be brought into discussion by checking how extensive the signage installation can be. Feel free to contact our specialists if you are looking for industrial spaces to buy or lease. Our experts can help you rent the right industrial space quicker and for lesser!

Posted 2017-09-15T20:47:21+00:00 Sep 15 2017 By inBlogwith0 Comments