Renting A Space For Corporate Purposes

Renting A Space For Corporate Purposes

You must have heard of the all-important ‘supply chain’, an important part of the logistics industry. Simply put, it is how we have access to all of the products we use on a daily basis. As much as transport and timely delivery are factors for consideration, so is storage. After all, until the goods are ready to be moved, they need to be kept somewhere where they are closely monitored and kept a track of through a process known as stock control. Of course companies that have been operating for a long time will be able to afford their own in-house storage options, whereas others such as startups would need to look at third party offers. If you fall into the latter category, have a look at this.

DYNAMICS

By dynamics this means heat, moisture and humidity. These are important factors to think about when it comes to considering a warehouse space for rent in Singapore. When operating a business, it is important to minimize your losses; you could easily damage delicate stock especially if you store them in places where the balance in environment is off. Perishable goods in particular need to be considered here. You would need to speak with the owner of the unit beforehand so you can a look and make any adjustments as per your requirements.

ADDITIONAL EXPENSES

You would obviously paying a rental amount depending on the length of the lease; however, you should also be prepared for additional expenses which you might have to foot such as insurance for instance (which is crucial), repairs for example if the roof suddenly started leaking and other on-going maintenance costs. You want to sort this out beforehand with the landlord and outline these terms in your agreement so you will not have any issues later.

EXPANSION

Sure currently you might be a startup, but what if your business kicks off better than you thought it would and you suddenly need to expand your existing warehouse space for rent? In these cases you would want to check with the landlord and find out whether any adjacent units would become available for rent later on, and whether they have extended their lease. Once you notice growth with your company, you can then go about trying to expand space within the same area, else you would need to look for another option.

DURATION

You absolutely must consider the time period you are renting the space for. As a business owner, you need to be aware of everything and the last thing you want is to scramble for options because your lease has expired and you had no idea about it. Make sure you keep a track of the duration of your lease so you will be able to plan well ahead of time. If possible, try extend what you have already since that will be easier.