You will eventually be leasing warehouse space if your company builds, ships, receives, or stores physical products. There are also a lot of questions that you need to ask yourself before you begin the leasing process.
The first thing step in leasing the right warehouse space is determining the needs of your business. You should also consider getting an experienced tenant representation expert to help with the process.
Every warehouse space and each local marketplace is a little different from the next. Leasing the wrong space can cost you thousands of dollars so you need to get it right the first time.
The landlords will have brokers on their side to paint their warehouse as the best place for your business. This means it is important to do your due diligence and get as much as help you can to even the playing field.
Every warehouse space has a different infrastructure and setup. Therefore, it’s important to pick one that fits your specific needs.
How tenant representation helps
A good tenant representative has been through the process before. The tenant representative should also have some knowledge of the history of the local marketplace. Knowing what questions to ask or avoid can make a big difference in finding the right solution.
The tenant representative will be able to help you determine the ideal size, layout, location, and budget. There are a lot of things to consider, so it’s important to clarify details accurately and quickly. An experienced tenant representation broker will help you do just that.
Here are some important questions to ask before leasing warehouse space:
- What are the local zoning ordinances? You need to ensure the property is zoned correctly.
- What is the approved use of the space? It’s important to make sure that space is approved for the right use. If the property is approved for manufacturing, but you need to use it as a warehouse & distribution center then you need to apply for a permit change.
- What is the electrical setup? A manufacturing business will need a lot more electrical power than a distribution center. Know what you’re dealing with before you commit to a property. This can be a costly error.
- What type of loading is available? Make sure that you have the right loading docks to accommodate 18-wheeler trucks if you’re expecting those types of deliveries. If you don’t need big loading docks they may be an unnecessary cost.
- Is the truck court and road big and clear enough? The last thing you want is a road that is too busy or small for deliveries to made quickly and safely. Many businesses suffer due to a lack of truck accessibility. The trucks need to be able to get in and out in a safe and effective manner. Make it as easy as possible for deliveries to be made.
- What are the clear heights and available space of the building? If you want to maximize your ability to store products, then you need high ceilings. You will also need the right amount of usable floor space.
- Does the warehouse have a sprinkler system? There are a lot of buildings that don’t have sprinklers, but you may need to have them for your business. Finding out you need to install a sprinkler system for your business can be frustrating and expensive.
- What is the parking situation? It’s important to know if you can park overnight. It’s also important to know if there is a security issue. You don’t want to deal with vandalism, theft, or other issues due to a lack of security.
Tenant representation in Dallas and Fort Worth
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