When you hear the terms ‘warehouse space’ and ‘industrial space’, you will definitely get the idea that the two refer to the same thing. If that is case, you are not actually the only one who thinks that these two terms mean the same thing. This is because many people confuse the two terms. It is important to know the difference between the two because it helps a lot when you need to make business choices. Here is a look at the difference between a warehouse space and an industrial space and how each can really benefit your business.
About warehouse space
Anytime you need storage services, the right place to go is a warehouse. Warehouse space actually refers to the storage space offered for keeping stocks and other vital things for your business that may needed in the future. To expound on warehouse space, it is not the ordinary storage space where you simply pile up boxes over each other in a particular area.
There is machinery, personnel and software that is involved in the search for smooth operations. If anything misses out in these three fundamental elements, you are likely to face some challenges that may be costly on your part. Therefore, you need to carefully look into things to ensure that the warehouse space you acquire is ideal for serving your clients in the best way possible. Keep in mind that a warehouse cannot actually be expanded. You can only lease or buy another one.
Working with warehouse space
People often associate warehouse space with storage. Well, there is actually more that you can do with warehouse space. For instance, you can turn part of the warehouse into an office. This is particularly recommendable when you do not require much office space. Although you may laugh at this idea, it actually helps a lot to save on the cost of renting office space elsewhere. Therefore, you can embrace the creativity offered by warehouse and make your business more efficient. If you come to think of it, presence of office in the warehouse helps trigger a working environment, which is a vital ingredient for productivity.
About industrial space
Industrial space offers more space as compared to a warehouse. This is because an industrial space can be used for different aspects of your business such as manufacturing, fabrication, assembly and so forth. Moreover, you can conduct meetings with your staff from time to time to update them on important issues of the business.
As such, it can be manipulated to fit the needs of the business. For instance, a manufacturing department will be designed in such a way that makes it possible to carry out manufacturing in the most efficient way. Essentially, an industrial space covers both the office and warehouse. To find a good industrial property for sale in Toronto, you need to determine the long-term objectives of your business, target market and competition among other factors.
Working with industrial space
If you have several business operations that need to be housed inside one building, you will definitely require an industrial space. This is because an industrial space allows you to put one department of your business in one big room and another department in other room.
There is actually more space offered here, unlike a warehouse where you have limited space. Essentially, an industrial space is the ideal option to settle for if you are planning to expand your business. You can find an ideal industrial space with the help of a broker or a commercial real estate agent.
There is a big difference between a warehouse space and an industrial space. The former is particularly used for storage purposes and offers limited space while the latter is used for businesses that have several departments.