Warehouses are also listed as industrial property within the commercial real estate industry. What does it take when it comes to making a decision about warehouse leasing for your company? Do you know what your future needs will be?What about the difference between buying a warehouse versus leasing a warehouse, and utilizing a specialist broker in the warehouse space silo to help you navigate your potential solutions.
Growth Near Term and in the Future?
Do you have enough warehouse space to hold your inventory now and in the future? What about location? Location preferences are sometimes not easily procured due to current market conditions, so how flexible are you? Where does your business go if you outgrow your warehouse space during your leasing term? Typically tenants will quote square footage instead of budget , where truly it is a more of a matter of budget versus square footage of the warehouse property.
What about term? Again this is dictated by the current market for leasing a warehouse, in a hot market even a renewal request can be 3-5 yrs as an expectation from the landlord. How long will you need a warehouse? Leasing a warehouse in Austin’s market in 2016 requires minimums of 3-5 yrs for the most part, in hot markets landlords do not get very excited about leasing their property for 1-2 yrs when the demand is so high. Think about it, if you owned a rental would you want a tenant longer term or short term and turning the property every couple years for new tenants? Commercial real estate is about positive cash flow over a longer term not short term- again though this is market dependent.
What is it going to take?
Leasing a warehouse will require at minimum the following requirements from any tenant.
Credit- good credit , startups with so so credit can expect extra security deposits and personal guarantees to be put in place
Tenant improvements- don’t expect to always find a warehouse that matches all of your needs exactly – although warehouse properties typically do not require the extensive finish out that office space or retail may require.
Power- how much power do you require and what are you going to use it for?
Noise factors- this may be ok with the industrial complex or not, do you need a standalone? We placed a Bass speaker manufacturer at the airport because noise was such a big factor in finding them a property to lease.
Hazardous materials- are you using any do you store any? If so, expect extra insurance carrying requirements
Insurance and Security deposits – don’t ever expect not to have to carry insurance or make a security deposit , it is not reasonable to expect that.
Why Shire Commercial?
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Testimonials
Warehouse Purchase – Retailer in Austin Location: N Lamar , SF : 6,260 SF Time to complete 3 Months
This purchase required creativity and an outside of the box approach because the Buyer-Owner could not obtain direct fin… Read more
Warehouse Purchase Completed
“We were in the process of looking for a new office and warehouse space for our growing business. We then found Steve Shire who was very pleasant to work with. He helped us view alot of properties and we found a great one th… Read more
Stacy Bishop
Shire Commercial set me up quickly and efficiently with exactly the commercial warehouse space that I wanted. Don’t do a commercial lease without a broker — Steve Shire knew how to negotiate, got me a great rate, communicated… Read more
Warehouse Lease Completed Testimonial Austin, TX
“Steve is a great agent to work with. He is very patient and professional. He worked with us as our buying agent for some warehouse units. The process lasted longer than a year. Steve has been following up with any questi… Read more
Sylvia Smelcer
“When I needed to find office-warehouse flex space in a rush, Steve Shire was able to get the job done. I gave him just 1 week to find me properties to look at with certain features. He came through for me, and on the fourth … Read more
Mark Tarbet
Steve Shire was exceptional and met all of our expectations. We worked with him remotely to secure a space in Austin for the relocation of our business and Steve made it easy. He is excellent at communication and really on hi… Read more
Lease completed testimonial
Dedicated, honest, responsive caring profesional. My experience with Steve shire was steller! My schedule was a little hectic and Steve accommodated me with no hesitation. Steve took great care of me and I would highly recomm… Read more
Roy Prosise
“If you are looking for a commercial realtor in the Austin, TX area look no further! After dealing with other commercial realtors in Austin, that seem to be giving me the run around and showing me what they wanted me to see i… Read more
Warehouse Testimonial Austin Texas
“You are absolutely one of the best agents to work with” – Marilyn Van Uum-Independence Title
Independence Title
After realizing that locating and leasing commercial property on my own was not going to be easy or fruitful I was lucky enough to contact Steve. From start to finish the process was thorough, thoughtful, artfully explained a… Read more
for the most part, in hot markets landlords do not get very excited about leasing their property for 1-2 yrs when the demand is so high. Think about it, if you owned a rental would you want a tenant longer term or short term and turning the property every couple years for new tenants? Commercial real estate is about positive cash flow over a longer term not short term- again though this is market dependent.
