Business expansions are always appreciated. They signal growth in your progress, and you can finally reap the fruit of your hard work as a businessman. However, with greater expansion comes one issue – space crunch! You’ll soon encounter the problem of having a lack of area for installing new equipment, or in more extreme cases, you would barely be able to walk through some parts of your office.  The right way to go about this issue is to look for a good business warehouse. You can clear your office clutter by storing much of the unneeded or less important stuff over there. But, how do go about it? And which commercial storage should you choose for your business requirements? Keep on reading this article to find out.

Buying or Leasing a Warehouse: Which is better?

To buy or to lease, that is the question. And the answer is not so straightforward. There are many factors that come into play when you go on to decide this, and it can affect your search for a warehouse. Most relocation services provide only one of the two options. This means your search would have to be narrowed down depending on your business requirements. Let us first understand how both of these work and what are their pros and cons. 
commercial storage

Think carefully about warehouses.

Leasing a building would incur fewer expenses in the beginning. This is because purchasing a building leads to a large upfront expense. On the other hand, there is no down payment on a lease. Additionally, expenses can be regulated by negotiating monthly rent while leasing. This makes leasing a comparatively cheap option. Buying a building can be beneficial for reaping great tax benefits. Purchasing building equity would also help the business greatly. As it takes away the stress of going warehouse-hunting again after the lease expires. In short, you can store your goods in the warehouse for as long as you like.

commercial storage

Think about why you need your warehouse space – and how you will use it!

Questions You Must Ask Before You Find A Business Warehouse

There are certain questions that can be of great help in making your final decision for getting a commercial storage warehouse. It’s not necessary to answer them all, but navigating through them could benefit your business storage plan ahead.
  • What are your requirements with the warehouse? Are they for the short term or the long term?
  • How stable is the industry marketplace? Will you still be in need of the business warehouse beyond a certain period of time?
  • What is your budget? This is essential to figure out how finances would be affected by incurring monthly leasings or an upfront purchase cost.
  • What is the real estate marketplace like in your area right now? Is it on an upturn or downturn? These can be great indicators of whether buying a property is good for you now.

Three Steps To Locate Your Ideal Warehouse

  1. To be fair, getting a commercial storage facility is not as easy and straightforward. So, three points could seem like an oversimplification. However, they are extremely helpful in clearing the way to get the right business warehouse for your business goals. These three steps are: – 
    1. Organize A Planning Session
    2. Prepare For The Warehouse Move In Advance
    3. Get An Exclusive Tenant Advocate
    First off, Get your team and brainstorm over what to keep and use the warehouse for. Creating space utilization scenarios could be of great assistance here. Then, it is time to prepare for the move. Depending on the size of the business, the number of items that would go in the warehouse would differ. This means the move could take a good time of 18 to 24 months, which needs to be utilized correctly.
commercial storage

Organize a business meeting for your warehouse!

Lastly, getting a tenant broker who exclusively works for you can be quite a smart move. If they are unrelated to your landlords or other acquaintances, their guidance would be unbiased. Your savings can go up to 25%, which is big, considering how expensive warehouses can be. Getting a tenant project manager who can overlook the renovations is equally important. This way, your move into the business warehouse could happen smoothly and successfully!