Warehouse for rent space, otherwise known as industrial space, is a versatile property type that serves many industries. Some of the most common warehouse tenants include e-commerce companies, wood shops, design and fabrication businesses, wholesale distributors, general contractors, supply storage, film / tv / video / photo studios, event space business, and more. Whether you’re looking to rent small warehouse space, large warehouse space, or something in between, it is important to understand the total cost of your rental before making any commitments. This includes understanding what the base rental rate is and how it will be calculated. Generally, this is charged on a monthly basis but may be calculated differently by each landlord.
The Ultimate Guide to Finding the Perfect Warehouse for Rent: A Step-by-Step Approach
There are a variety of lease options when it comes to warehouse for rent and the most common are absolute triple net (NNN) or CAM (Common Area Maintenance). NNN/CAM charges cover taxes, insurance, and other operating expenses tied to the property and are usually quoted on a per square foot basis. Alternatively, you can also opt for a modified absolute NNN or double-nets which share some of these expenses with the landlord.
If you’re unsure of your exact requirements for warehouse space, renting allows you to scale up or down as needed and avoid the financial risk of overcommitting upfront. This is a much more realistic option than buying your own warehouse, which requires significant investment and commitment up front as well as in perpetuity. If you want to take a more hands-off approach to warehousing, consider working with a 3PL, who will manage all the behind the scenes requirements for you.