Helping businesses maintain adequate inventory in a secure way, warehouses are an extremely important part of any business. Leasing or purchasing a warehouse is a major business investment. Having the right warehouse space, at the best possible location, can enhance efficiency and profitability for a business. It can ensure that the company is able to compete in the market and serve their customers effectively.
At present, the US is witnessing low vacancy and strong absorption rates, along with high demand for warehouse space. Although the conditions seem perfect for the growth of the warehousing sector in 2018, business owners need to put in some extra efforts to find the perfect space that will ensure the quickest possible delivery to customers.
As a quick suggestion, it is wise to look for warehouse space for rent in central locations like Houston, TX, which also boasts affordable prices.
4 Important Things to Consider When Choosing a Warehouse
- Location: Although warehouses are essentially “big boxes” or large commercial buildings meant for the storage of goods by manufacturers, exporters, importers, wholesalers, customs, etc., each warehouse has some distinguishable features that decide its suitability for certain business types, says an expert at Samuel L. Bryant Investments, leading providers of warehouse with office for rent in Houston. Take your business needs into consideration to understand whether a given layout, size and the facilities would suit you.
- Rent & Taxes: In the US, rental rates are usually based on square feet (SF). Given the rising demand for warehouse space in the country, it is obvious that average prices will spike. Cost is a major criterion when selecting a location for a warehouse, but it must not be the only one. Businesses should focus on other hidden costs and taxes that could derail their budget before deciding on the rent. Fortunately, there are some warehouse providers who are dedicated to offering the most affordable facilities with great amenities.
- Workforce Availability: Even if you have invested in warehouse space for rent at a great location, unless it is easy to access for your employees, there is going to be a problem. Also, if it in a region where it is difficult to find skilled workforce, it will cost your business. Local demographics play a major role in deciding workforce availability, skills and labor costs. It is really important to consider the geographical location of a warehouse for lease, such as Houston, to ensure access to a skilled workforce.
- Connectivity: Impacting the attractiveness of the warehousing facility and competitiveness of the company, connectivity is the cornerstone of running a business. No matter what the business type is, the space should have accessibility to roads, highways and any other mode of transportation you might need to ensure smooth delivery of goods.
So, keep these crucial aspects in mind the next time you are looking for appropriate warehouse space for rent, such as those available in Houston.