There are a lot of different types of industrial space, and the one that had the best 2015 of its life was warehouse space. Although not glamorous or exciting, this storage and/or distribution facility can be quite lucrative. As you begin to research and look into purchasing or leasing warehouse space, think of the below tips. Hopefully these will give you the best foundation to find and lease the perfect space for your needs.
Get Real with Your Needs
When looking for the right commercial real estate space, the list of “wants” is usually pretty easy to come up with. When searching for warehouse space there should always be this short list of needs that you know the answer to.
Will the warehouse be used for working or storage? Or both?
If there will be employees present, that changes the amenities you will need, such as, parking and restrooms.
How often, and by what means, do you plan on receiving shipments and deliveries?
When you are looking for locations this is an important one to know as you may need to be near major highways/interstates or even may need a dock. Pay close attention to the height of doorways as they pertain to your deliveries.
How much space do you really need?
This may seem like a very obvious question, but we often see clients interested in buying or leasingleasin warehouse space in Baton Rouge who think they have an accurate idea of the square footage they need, but when we break it all down and see the space they are pretty far off.
Get Familiar with Your Lease
Leases are long, leases are complicated and leases often contain a lot of jargon that you might not understand. While it’s important to know about all clauses and articles of a lease, we have outlined below the questions we hear most often.
Are there addition fees or expenses?
Always ask about maintenance fees. Are you responsible for inside? Outside? Both? Never assume the owner will be paying those for the property. Also make sure to ask about the utilities. How is the usage assessed?
Will you be responsible for upkeep maintenance and repairs?
Make sure to specify these with the landlord/owner and have them provide an estimate of what the costs would average each month.
What is the nature of the land use?
Is the use your business needs consistent with use of the land? Make sure that is stated in the lease.
Get a Professional Opinion Before Leasing Warehouse Space
Before you even begin your search for warehouse space, ESPECIALLY before you sign on the dotted line, you should always seek out the assistance of a professional commercial real estate broker and attorney.
A CRE broker who specializes in industrial property will be able to protect you from 999 things you never thought to ask. Not only that, they have access to the most robust selection of warehouse space listings that are available in your market. As you know, options are a good thing.
We hope you found this article helpful as you begin your search. If you need help, or have any questions, about leasing warehouse space in Baton Rouge or surrounding areas, give one of our awesome leasing professionals a call today.
About Us – The team at SVN/Graham, Langlois and Legendre has over 99-years of combined experiencing helping clients across the Baton Rouge area get the most value out of their CRE investment. Contact one of them today with any questions you may have and start seeing the returns in a market that will make sure to give today, tomorrow and for the extended future. To reach us, you can call us at 225.367.1515 or you can send us a message on our website. You can also follow us on Twitter at @svngll or on Facebook.