Land can be expensive. Many industrial companies opt to rent so that they have the freedom to move if they scale up or down their operations. Renting land for industrial purposes can be tricky. You should exercise caution and do your due diligence whenever you are looking for a new home for your industrial operations on the rental market.
1. Consider The Size
You probably know that you need to evaluate the acreage and square footage of any buildings on a property to determine if it will be large enough for your company. What industrial companies often fail to evaluate is the cubic measurement of any buildings on a rental plot.
The cubic measurement takes into account the width and length of the building as well as the ceiling height. Ceiling height can be a determining factor when renting industrial land because you will need to ensure that any machinery and equipment you use on a daily basis will fit within the building space.
2. Check Compliance
Just because a property is listed as industrial doesn't mean that you can legally begin operations on the property. You need to take the time to pull any zoning documents that pertain to the parcel before signing a rental agreement.
Be sure that the property has the appropriate clearances and permits for your particular type of industry. You should also check with city officials to identify any municipal restrictions that could affect your operations. Checking compliance before signing any paperwork ensures that you won't be locked into a lease for a property that you cannot use.
3. Determine Accessibility
Many industrial lands are located in remote or rural areas. This eliminates any potential conflict with residential neighbors, but it can make accessibility a challenge. You need to be able to transport raw materials into your facility, and any products that you manufacture out to retail locations.
Your facility also needs to be easily accessible to your employees. If the commute is too long for your workers, you may find yourself short-staffed. Evaluate all entry and exit routes servicing a particular property to determine if the location of the land will meet your accessibility needs over time.
Renting industrial land requires a lot of time and attention to detail. Be sure that you take the time to consider your needs and look for a property that is capable of legally meeting those needs in the future. For more information about industrial land for rent, contact a realtor near you.Share