Choosing the right warehouse space for lease place is one of the most significant decisions your business will make. It affects all other operations, from shipping to hiring to inventory management. It’s an investment, so take the time to shop around for different spaces and locations. The location should have a clear path to growth, whether that’s more space for inventory or the ability to install mezzanine flooring (an elevated platform placed between floors).
In addition to serving as a storage facility, warehouses can also function as a consolidation point where goods from different suppliers and production sources are brought together. This helps optimize transportation costs and reduces the number of shipments required. Warehouses can also serve as a safety stock, allowing businesses to keep enough products on hand during times of high demand or natural disasters.
Leasing Logistics: Finding the Right Warehouse Space for Your Business
The simplest warehouses normally consist of access doors, an area for receiving and inspecting goods, a storage area, and managent offices and changing rooms for personnel. Warehouses with areas added for reception, assembling and consolidation, packing, dispatches and picking are more advanced.
If you’re storing inventory in a warehouse, it’s important to be aware of how much space you’ll need for peak season, when demand increases dramatically. Using sales forecasts and previous year’s data can help you estimate how much space you will need. Make sure to also account for growth over the years, as well as additional items that you may be bringing in like seasonal offerings or new lines of products.