How to choose the best industrial units for your business
Whatever type of business you run, it can be hard to decide which industrial units to lease when you are wanting to move or grow, and require new premises to work out of.
There are a number of different factors that need considering to help you make the best decision.
Before you begin visiting properties, think about the specific requirements for your company: what it needs, what it would like, and what it can get by without. It goes without saying that it is worth starting off by looking for industrial units to rent online, and seeing if they match your needs before visiting and, if all goes well, signing a lease.
Size
Size does matter. In order to find the most cost-effective industrial unit to rent for your business, don’t choose one that is too large – doing so will result in you paying above the odds, not just for the space but for energy bills, as you’ll have to heat the place.
For growing companies, looking for larger units than you currently need can be beneficial if your business plan factors in expansion.
A lot will also depend on the sector of your business, and whether it needs space outside as well as inside.
Location
A lot of industrial units for rent are found on business parks on the edge of cities. These can be close to transport links and other essential amenities, which is good, but if you rely on passing trade then it won’t be such an ideal spot.
Think also about how the area will affect your business’ image, and the ease of accessibility for clients, staff and suppliers. After the property itself, location is the next most important aspect.
Price
Not surprisingly, the price of any industrial unit to rent will have a big impact upon whether you go for it or not.
Check out the local property market thoroughly to ensure that you are getting the best value and not being overcharged.
You should have already set a budget, so know what is in your price range, and examine the property to make sure that you are paying an appropriate price.
Lease terms
As well as price, you will want the lease terms to fit in with your business ideas.
Arrange for an appropriate lease length, inserting a break clause where possible, in case circumstances change in the future. This should better protect your company in case it ends up with financial troubles, shrinks or expands.
Do you have any further tips on finding the best industrial units to rent for your business? If so, share them below!
