10 Things to Consider Before Renting an Industrial Office Space- Office Solutions.

 

Renting industrial office space is a significant step for any business, and it involves more than just finding a location that fits your budget. The right space can boost your operational efficiency, employee satisfaction, and ultimately, your bottom line. Here are ten crucial factors to consider before signing the lease.

1. Rent and Operating Expenses

The total cost of renting industrial office space includes not just the base rent but also operating expenses. These can add up quickly and affect your overall budget. Always compare the full-service lease options with triple net leases, considering the additional operating expenses in the latter.

2. Building Characteristics and Amenities

Look for buildings that meet modern standards and offer essential amenities such as upgraded HVAC systems, touch-free facilities, and outdoor areas. These features have become especially important in the post-COVID era.

3. Landlord Concessions

During lease negotiations, landlords might offer concessions like free rent periods or build-out allowances to attract tenants. These incentives can significantly reduce your initial costs and should be factored into your decision-making process.

4. Roadways and Transportation

Accessibility is critical for industrial office spaces. Ensure that the location has easy access to major highways and public transportation. This not only facilitates the movement of goods but also makes it easier for employees to commute.

5. Landlord and Property Manager Reputation

The reputation of the landlord and property management company can affect your experience significantly. Speak with current and past tenants to gauge the responsiveness and professionalism of the management team. Online reviews can also provide valuable insights.

6. Security and Safety

Security is paramount for industrial spaces where valuable equipment and inventory might be stored. Ensure that the area has a low crime rate and that the building is equipped with robust security measures such as surveillance cameras, access control systems, and on-site security personnel.

7. Technology Compatibility

In today’s digital age, your industrial office space must support modern technology. Ensure there are sufficient power outlets, high-speed internet connections, and other technological infrastructure to meet your business needs.

8. Eco-friendly Features

Eco-friendly buildings not only help the environment but can also lead to cost savings in the long run. Look for buildings with LEED certification or other green standards. These buildings often have better air quality and natural lighting, which can improve employee productivity and reduce sick days.

9. Competitor Presence

Before moving in, check if there are any competitors nearby. Being too close to your competitors can be detrimental to your business. Ensure that your lease includes exclusivity clauses to prevent competitors from moving into the same building or complex.

10. Growth Plans

Consider your company’s future growth and expansion plans. Ensure that the building has enough space to accommodate your future needs. Request a right of first refusal clause in your lease, which allows you first dibs on any newly available adjacent space, preventing competitors from moving in next door.

Conclusion

Renting an industrial office space involves numerous considerations that can significantly impact your business. By taking these ten factors into account, you can make an informed decision that supports your business goals and sets you up for long-term success.

If the process seems overwhelming, consider working with a tenant representation broker like Office Solutions.They can help you evaluate your requirements, find the best properties, and negotiate favorable lease terms.