Renting an industrial building? How to avoid the pitfalls

Renting an industrial building? How to avoid the pitfalls

Are you thinking of renting an industrial or commercial building and want to fit it out properly? Whether for a startup or a reputable business, large or small, every good entrepreneur hopes to make the best choices for their company. Here are some tips to help you successfully find an industrial or commercial building.

(The rest of the article is only available in French)

The location of your industrial building

After conducting a market study to find the ideal sector for your business, it is important to take into account its visibility and accessibility. Indeed, a shop or restaurant will opt for premises with a more expensive rent but with a busy anchor point, a main street or a boulevard for example. A factory or an industry will be satisfied with a slightly more isolated but less expensive location. However, the accessibility of the industrial building must be taken into account. Or commercial , whether for your customers, employees or suppliers. Also take into account the proximity of your competitors! Also check with a real estate agent or with the municipal authorities if there are many premises to rent in the area, to be able to compare prices, make several visits and thus make an informed choice.

 

Renting an industrial building: budget and lease

Analyzing the costs and inclusions of the commercial lease, such as shelving , modular offices and other industrial racking for example, is crucial when renting an industrial building . Several costs may not be included in the requested rent: heating, electricity, snow removal, housekeeping, but also property, school and municipal taxes. Carefully check all the clauses on the lease. If necessary, ask your accountant or lawyer to dissect it with you.

How long do you plan to stay in this location? The duration of a commercial lease, unlike a residential lease, can range from 1 to 10 years. A supermarket or a pharmacy, for example, will probably choose a lease over several years. On the other hand, a company that is experiencing strong growth will opt for a short-term lease, to avoid being stuck with an industrial building that is too small for its growing needs. It is up to you to negotiate the duration of the lease and its clauses with the developer.

The interior of the industrial building for rent

The size of the industrial or commercial building you are considering renting should reflect the needs of the business and its activities. Plan for enough storage space and make sure that your customers and employees are comfortable there. If necessary, you will have to move again. Also check the level of interior finishing: a layout that is already in place will appeal to businesses that need a place to welcome their customers. A space with less finishing will be less expensive and will be suitable for a factory or warehouse . It is therefore important to clarify the specific needs of your business from the start of your research.

When visiting the premises for rent, observe and analyze. Is the building well maintained? How is the landscaping? Ask for the opinions of previous tenants and neighbors around to get a clear idea of ​​what awaits you. After signing your commercial lease, contact Pedlex, the experts in storage systems And in handling , to make your premises functional and optimize their space as much as possible thanks to industrial layout custom-made. From consultation to installation, Pedlex offers you a turnkey service to get your business off to a good start. Contact us at 1-888-PEDLEX-9.