Quick Guide to Finding an Industrial Warehouse to Rent

While rental price may be your crucial deciding factor, there are other multiple factors that may be just as important for your business and worth investing more for long-term benefits. Read our quick guide to finding an industrial warehouse for your business to see what requirements should be considered. 

1. Shortlist your business supply chain needs  

Consider your growth forecasts, transport timing, employee facilities, parking availability, unit sizes and space configuration, and of course any other special requirements your ideal warehouse should have. For example:

  • Location and fast transport route options  
  • Warehouse size and ceiling height for large or odd shaped items 
  • Modern kitchen and bathroom amenities for on-site workers  
  • Free parking spaces  
  • 24-hour security services  
  • Roller shutter door measurements 

2. Check borough zones for extra perks  

Look out for Enterprise Zones, Business Improvement Districts or Local Enterprise Partnerships. Incentives could help ease the costs and budget deciding factors for you.   

  • Enterprise Zones provide government support and tax breaks including up to 100% business rate discounts (worth up to £275k) and automatic planning permission grants. 
  • Business Improvement Districts (BIDs) are business-led organisations funded by a levy, to offer extra safety, environmental, cleaning measures or other additional services local businesses provide. There are great networking opportunities and cost reduction opportunities via joint procurement and more to benefit from.  
  • Local Enterprise Partnerships (LEPs) are throughout England, consisting of 38 LEP boards leading ‘Growth Hubs’. Check out each Growth Hub in your scouting locations for what guidance or support services they offer. Free strategic advice is always a plus!  

3. Call real estate experts for advice  

Contact a real estate expert who can understand and consult on matching an industrial warehouse to your business needs. Have your shortlist of supply chain requirements in front of you to refer to while talking through options. Try to arrange multiple viewings or ask the real estate agent to take you on a tour in the area you desire. Make sure you find out what costs may be related to the properties you view – statutory requirements, utility bills, services chargers, rates payable, rent, insurance options and any other costs. Dohertybaines is committed to giving clients the highest level of personal service.  

4. View and take notes  

Tour more than one warehouse so that you can compare and better evaluate your options. Take notes because it can be easy to forget various features after viewing multiple places. Even taking snaps around the property on your phone to check later are super helpful! Also, don’t be afraid to ask the estate agent many questions. Best not leave any big doubts when choosing an important asset.   

5. Weigh the pros and cons 

It might become very difficult to choose between several great warehouse options in London and the pressure increases with the likely chances of someone taking the offer before you decide. You might need a building surveyor, valuation or rating (all of which Dohertybaines can service) for additional facts. However, estate agents can provide only so much advice but, in the end, it comes down to the personal business needs you know best.  Keep it simple by writing out a list of the key pros and cons of your top two choices for a clearer perspective.  

6. Make an offer and negotiate the lease that best fits your business  

Once you have confidently selected an industrial warehouse to rent, get in contact as soon as possible to negotiate an appropriate lease that will benefit you. Optionally, if you need more flexibility than what a traditional lease allows, consider licencing. Prepare your offer and anticipate the landlord to reject it with another offer as part of negotiating. When you reach reasonable terms, seal the deal to secure your new ideal warehouse. Finally, prepare for agency fees before receiving the keys to your new warehouse property.  

 

 

Selecting an estate agent from the beginning doesn’t have to be difficult.

Dohertybaines has a wealth of experience in all sectors, delivering acquisition and disposal deals from single transactions. Our rent review and lease renewal team represent many of the largest corporate occupiers in the UK on all aspects of their property portfolios. Our team can advise on lease clauses and changes, apply case law, and provide clear direction on reaching client goals effectively. Contact us at 020 7355 3033 to discuss any property requirements. For more quick advice online check out our Ultimate Guide to Sourcing a Commercial Warehouse for Rent.


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