America has a lot of warehouse space. Since 2000, the amount of occupied space for distribution and warehouse use has gone up by 86.2%, and with the enormous growth of e-commerce a lot of companies, even small ones, are looking into commercial leases of distribution warehouse space. The future only seems to be getting brighter for this industry, too, as e-commerce is looking to grow at a compounded average of 10% a year for the next five years. That means every year there’s a lot more choice. If you?re considering leasing a warehouse, here are five important things to know as you consider commercial leases:
- Make sure you?re c
While it may seem oddly specific to the layperson, warehouse space is an exploding industry in today’s e-commerce marketplace. With the rise of retail mega-giants like Amazon and Walmart, determining warehouse space needs — and then finding corresponding spaces — is a great niche to be in. Within the past 20 years, or since about the year 2000, warehouse and distribution space in the United States has increased by almost 90%.
While technically a subset of the commercial real estate umbrella, renting and leasing warehouse space is quickly becoming its own business. An estimated 170,000 Americans are in the business of leasing warehouses and storage, which is more than twice the number of Americans employed in the coal industry.
Circling back to the retail giants, e-commerce is expecte
If you own a business that deals with physical products, one thing that needs to be on point from the outset is efficient logistics and maintaining a robust supply chain. There is nothing worse than having the right demand, but not having the right supply to meet it, or to have your products stored in a location which makes it difficult to move product or maintain its quality. For these reasons, it is imperative for businesses to zero in on the right choice of product warehousing. Whether you have a startup or a fully developed business, one thing that you need to accomplish with great care and finesse is renting a warehouse for your products.