You probably have an idea of what industrial space is and how it can be used. In simple terms, industrial space (or an industrial building) a property that is specifically designed to be used as a warehouse, industrial equipment repair, or manufacturing facility. The location needs to be away from residential areas, preferably close to main transport links with easy access to and from the highway, airport, seaport, or railway. If you are planning on starting your own business, finding the right industrial shop space is essential. It will not only allow you to meet all your storage and production needs but will also help strengthen your business in the long run by lowering costs and increasing efficiency. In this blog post we explore some of the benefits of renting industrial shop space, how much it costs, as well as some tips for choosing the perfect one for you.
Why Finding the Right Industrial Shop Space Is Important
Before you start to look for industrial shop space, you need to know why it’s important to find the right one. The main reason is that it will act as a base for your whole business. This means your industrial building should be big enough to store all your inventory and have room for your team to work or repairs efficiently. If you don’t get this right, you’ll face issues storing inventory, have no room to grow your team, and will struggle to find the necessary utilities to run your business. Don’t forget, repairing excavators, rock trucks, or earthmoving scrapers thanks not only a lot of floor space but need overhead cranes and up to 30 feet of ceiling clearance. This can cost you time and money in the long run. Another reason why it’s important to find the right industrial shop space is so that you can meet all the necessary legal requirements. Different US states and Canadian provinces have different regulations you need to abide by when running an industrial business. This is especially important if you work with hazardous materials or are storing dangerous equipment – for example, are you operating in a light commercial or heavy industrial city zone? If you don’t follow the rules, you’ll face fines and other penalties which are not worth the risk. You also need to consider zoning laws when looking for industrial shop space. Zoning laws determine where certain activities can be carried out. If you violate zoning laws you could face city fines or even have your business shut down.
More Benefits of Finding the Right Industrial Shop Space
As mentioned, industrial shop space is a must if you want to start a heavy equipment repair business. Not only will it provide you with storage space, but it will also give you a place to work from. Here are some other benefits of finding the right industrial shop space: – Stronger Business – If you find the right industrial shop space, you’ll be able to expand your business faster and more efficiently because you’ll have everything you need under one roof. This will help you save time and money, and strengthen your operations. – Lower Business Operating Costs – Industrial shop space tends to be cheaper than renting office space. This is because it has been designed with businesses such as yours in mind and is usually located away from residential areas. – High Availability – Finding the right industrial shop space is important for your business because you need to know that it’s easily available. This way you won’t have to move around as often, making it easier to manage your business. – High Investment Value – When considering the costs of industrial shop space, don’t forget that it is an investment. These spaces have been designed with businesses like yours in mind, making them valuable assets that can be sold once you’ve outgrown them.
How Much Does it Cost to Rent Industrial Shop Space?
Industrial shop space can be found in all shapes and sizes, and the cost will greatly depend on the location and size of the property. The annual rent is another variable to take into account because it corresponds to the cost of the space per year. Industrial shop spaces are normally rented on a monthly basis. Consider if you are renting in Calgary Alberta where the construction market is hot versus the slower pace of Sacramento, California. Asking the following questions can help you figure out how much you should expect to pay for industrial shop space: – Where do you want to locate your business? – While you don’t have to base your industrial business in the city, you do need to take the location into consideration when looking for industrial shop space. You will be charged more for industrial shop space close to the city because it is more expensive to run a business there. – What type of business are you running? – Different types of businesses will require different types of industrial shop space. For example, businesses that deal with hazardous materials need to be located away from residential areas. You will be charged more for industrial shop space that adheres to these regulations. – How much inventory do you have to store? – Industrial shop space is very different from residential storage. You need to make sure that the space has been built with businesses in mind, meaning they will have the necessary utilities to run your business.
Tips for Finding the Perfect Industrial Shop Space
Once you know why it’s important to find the right industrial shop space and what it can do for your business, the next step is to actually find one. Here are a few tips to help you find the perfect industrial shop space: – Get an idea of how much you can afford to spend – Your budget will determine how much industrial shop space you can afford. Make sure you take your inventory and other costs into account when working out how much you can afford. – Start looking early – Finding the right industrial shop space takes time, especially in cities where demand is high and competition is fierce. Start looking as soon as possible so you don’t miss out. – Don’t rush into a decision – While you want to find the right industrial shop space as soon as possible, you don’t want to rush into a decision. Make sure you take your time to find the perfect fit for your business. – Be flexible – Be prepared to compromise on certain things when looking for industrial shop space. You might be hoping for a certain amount of space, but you may have to settle for less.
Finally, industrial shop space is a great investment for any business. It will help you store your inventory, work more efficiently, and save you money in the long run. Once you’ve found the right industrial shop space for your business, you need to make sure that you take good care of it. This means making sure you meet all the necessary legal requirements, and that you maintain the property. If you do this, you will be able to use your industrial shop space to its full potential and strengthen your business in the long run.