Getting warehouse rentals orlando space for rent is a great way to increase your company’s storage capacity. It can also help you respond quickly to unforeseen demand for your products. However, there are several things you should keep in mind before deciding to rent a warehouse.
The Size of Your Warehouse
A rule of thumb is that you should rent a warehouse based on the square footage you need. This is especially important if you sell large-sized or high-density items.
Base Rental Rate
The base rate is the rate you pay to the landlord before adding in any operating costs. It can be charged on a monthly, quarterly, or yearly basis.
Warehouse Security: How to Protect Your Business and Inventory
Landlords of commercial spaces often require tenants to pay their base rent plus NNN or CAM (which stands for net net net). These charges include property, taxes, and insurance costs. They can be quoted on a per square foot basis, and you should know exactly what each component is prior to signing a lease.
You’ll also have to pay for the electricity at your warehouse, which is typically around $2 per square foot each year.
Owning Your Warehouse
If you decide to buy a warehouse instead of renting one, you have the added benefit of having complete control over your building. This includes being able to make renovations and changes without needing permission from the landlord.
The downside to owning your warehouse is that it can have a high upfront cost. This may be too much for your brand to afford, which could seriously stunt growth. It can also be difficult to sell your warehouse if the market isn’t right.