Wednesday, March 11, 2015

A Basic Understanding About Industrial Leasing Of Real Estate In Florida

By Lena Stephenson


Looking for industrial space for a company needs unique real estate strategies. Where industrial property is concerned, the building details are more important compared to other property types. As business management goes about formulating industrial leasing plans, there are certain factors to consider.

Your workforce should not determine how convenient the location is. The significance must be determined by how to move products in and out. Supposing your business process requires collecting goods from a port, kitting them and shipping of via air. An ideal location would be somewhere between a port and an airport. Should you need rail shipping your products, locating your premises on a rail spur is the best option. This means saving on costs that would have been incurred moving your inventory to rail terminals.

Parking lots are a major concern for any business. However, it has special significance for industrial properties. The actual physical space that constitutes the parking lot is vital especially where trucks and their trailers need to maneuver when entering, leaving and getting loaded. There are also few industrial premises parking lots that are large enough handle the exceptionally high workforce businesses like call centers have.

Once a business drivers can enter and leave a building comfortably, next in the corporate real state strategy is the building envelope. This involves the suitability of the spacing for the business. For example, having six foot deep racks that need nine foot aisles for forklifts, thirty two foot spacing for columns would be ideal. Thirty six foot spacing would mean wasted space for the columns.

The ceiling height for your premises is quite important while determining space value for your firm operations. More height, in turn, means more capacity for your business. Another factor to consider is the shape of the building where efficiency is concerned. Should your business need a lot of unloading or loading, the doors are at the narrow end and the building is rectangular shaped, then a lot of time shall be wasted in trips inside your warehouse.

When the owner has finished identifying their ideal space, next steps within the strategy are common to any other business premises. It covers looking for other similar properties around the city of Boca Raton in Florida. These will then be used when comparing terms as negotiations take place. This kind of survey also updates business owners about the currently existing norms within the leasing market where rents and terms are concerned.

With the knowledge that a business owner has found the right premises, the negotiations with the property landlord can then commence. The lease negotiations have to be based on a business conditions established in its real estate strategy. Having in mind the rapidly changing scenario within the modern economy, a shorter lease with options should be preferable to a longer fixed term lease. This would mean paying a little more up front but it would save costs when an exit strategy would be in the interests of the business.

It is important for your firm that you seek the requisite professionals in the industry. That way, you avoid the legal and professional pitfalls that arise. These are the basics involved when you engage in industrial space leasing. Conclude the process with a biding lease contract with your landlord.




About the Author:



No comments:

Post a Comment