Searching for warehouse space to lease can be a major pain, am I right? But nailing down the right location is critical for your operations and bottom line. Here are nine smart tactics to help you scout out and secure an ideal industrial space tailored to your biz.
Even if you find warehouse space for rent for the first time or want to move to a new facility, follow our nine tips to help you discover the ideal warehouse rental for your needs:
- Determine Your Requirements Carefully
Figuring out your must-haves for warehouse space is the first thing. Essential factors to consider include:
- Size – How much square footage do you need? Account for space needed for inventory storage, workflow, offices, etc. Allow room for future growth too.
- Location – Convenient access and proximity to suppliers, highways, and customers are key. Look at commute times from your office as well.
- Layout – Your ideal warehouse layout depends on your operations. Think about needs like receiving docks, drive-in access, clearance height, power sources, and more.
- Access – When can you access the facility? 24/7 access offers flexibility for overnight deliveries/pickups.
- Security – Look for features like fenced yards, security cameras, alarm systems, guarded access, etc.
- Compliance – Does the space meet safety and zoning requirements for your business type?
Clearly outline your must-haves so you can find warehouses that match your important criteria.
- Determine Your Budget
Warehouse space rents vary significantly by location, size, features, and type. On average nationwide, warehouse rents range from $4 – $25 per square foot annually. However, warehouses for rent in California type prime locations can go up to $30 per square foot.
Determine how much you can afford to pay monthly for rent based on your business expenses, revenues, growth goals, etc. Define your budget upfront so you only look at viable options.
Pro tip: If you're a new business, build a room in your budget to accommodate future growth.
- Search Listings on Digital Platforms
Nowadays, the most efficient way to find available warehouse spaces is on user-friendly digital rental platforms like Cubic Share. With just a few clicks, you can:
- Browse thousands of listings across the country
- Filter by location, size, price range, and features
- See photos, videos, layouts, and detailed listing information
- Get accurate pricing and availability in real-time
This makes it much easier to find options that align with your criteria compared to manually contacting individual landlords. Leverage these platforms to simplify your search.
- Work With a Broker
An experienced commercial real estate broker like Cubic Share, the best warehouse management place, can help streamline your search. Benefits of working with a broker include:
- Access to spaces not publicly listed, like upcoming availabilities,
- Expert guidance on zoning laws, rental rates, negotiation tactics, and more for different areas
- Assistance in determining space requirements and identifying optimal locations
- Handling visits, proposals, and negotiations so you can focus on your business
The landlord typically pays the broker's commission. So it's worth consulting a reputable broker, especially if you're searching in a new market.
- Consider Alternatives Like Subleasing
Subleasing part of an existing warehouse can be a cost-effective option, especially for small or newer businesses. Since you rent from the existing tenant, the process is faster, too.
Pros of subleasing include lower rates, shorter rental commitments, and built-out space. Just be sure to evaluate size, location, and features still. Clearly define subleasing terms upfront regarding costs, responsibilities, allowed use, etc.
- Schedule Tours of Shortlisted Options
Don't finalize a warehouse rental without visiting in person first. On your visits, here are some things to look out for:
- Check cleanliness, maintenance, and safety features
- Assess convenience and ease of access/traffic
- Test cell reception and WiFi signals
- Review power sources and outlet placement
- Look for space to expand if needed
- Discuss earthquake/fire compliance and insurance needs
- Clarify what's included, e.g., office furnishings, utilities, maintenance
Visiting shortlisted spaces will help you determine which option is truly the best fit.
- Hire an Inspector
It's wise to hire an independent inspector, especially for older warehouses. An inspector will look for:
- Structural damage or needed repairs
- Leaks, mold, drainage issues
- Rodents or pest infestations
- Compliance with fire and earthquake codes
- Adequate lighting, ventilation, and utilities
Paying a few hundred dollars for an inspection could save you thousands in repairs and headaches down the road.
- Negotiate the Best Possible Deal
Don't be afraid to negotiate leases to maximize value. Be ready to discuss:
- Rent Amount – Negotiate a lower base rent or gradual increases. Offer to sign a longer lease in exchange.
- Incentives – Ask about rent-free periods, moving stipends, or fit-out allowances.
- Lease Term – Secure a shorter term if you're uncertain about long-term needs.
- Access – Ensure you get the building access necessary for your business.
- Maintenance & Repairs – Clarify who handles and pays for maintenance requests.
- Permitted Use – Make sure you can operate your desired business from the space.
- Termination Clauses – Define an early termination option if you ever need to move out.
Don't let a perfect space pass you by over a few dollars. Negotiate a win-win deal.
- Read the Fine Print
Carefully read your warehouse lease before signing. Key sections to review include:
- Expenses – Outline of rent, security deposit, fees, taxes, utilities, etc.
- Use restrictions – Limitations on modifications, signage, type of business, hazmat materials, etc.
- Maintenance – Clarifies landlord vs. tenant responsibilities
- Insurance obligations – Specify required policy types and liability limits
- Default – Defines breach of contract and termination provisions
It's essential to understand all terms and costs before entering a legally binding warehouse rental. Consult a commercial real estate lawyer if you have any concerns.
Partnering with the Right Fit & Find Warehouse Space for Rent Easily
Finding the ideal warehouse space tailored to your business doesn't have to be difficult, especially if you use digital platforms like Cubic Share. Their warehouse listings make it easy to identify spaces that align with your size, location, budget, and feature needs.
Combined with smart preparation using these tips, you can confidently rent warehouse space, knowing it's the perfect fit for your company. Having a suitable space will help your business operate smoothly and efficiently as you work to achieve growth and success.
