7 things to consider before leasing a warehouse space for your business

Warehouse leasing in India is a growing business with the rise of e-commerce and increasing demand for modern logistics infrastructure. Companies are seeking to secure warehousing space to store their products, with the goal of reducing costs, improving delivery times, and enhancing their supply chain operations.

There are several options available for companies looking to lease a warehouse in India, including standalone warehouses, multi-user facilities, and built-to-suit projects. Leasing terms range from short-term to long-term, with most leases lasting between 3-5 years.

The cost of leasing a warehouse in India varies depending on several factors, including location, size, and quality of the facility. Rentals in metropolitan cities are generally higher compared to those in smaller cities and rural areas. The cost of leasing also depends on the type of infrastructure and services offered, such as power, water, security, and connectivity.

The process of leasing a warehouse in India involves several steps, including identifying the requirement, shortlisting potential properties, negotiating lease terms, and signing the lease agreement. It is advisable for companies to engage a real estate consultant or an attorney to assist them with the process.

Overall, warehouse leasing in India presents an opportunity for companies to improve their supply chain operations, reduce costs, and increase efficiency

Here are the 7 things to consider before leasing a warehouse space for your business

Location: Consider the location of the warehouse in relation to your business operations, customers, and suppliers. Factors such as accessibility, proximity to transportation hubs, and local regulations should be taken into account.

Size: Determine the size of the warehouse space you require, taking into account the volume of goods you need to store, the size of your workforce, and any future expansion plans.

Layout and Design: Evaluate the layout and design of the warehouse space to ensure it is functional and efficient for your specific needs. Consider factors such as racking systems, loading docks, and aisle space.

Amenities: Check for the availability of essential amenities such as electricity, water, and internet connectivity, as well as any additional amenities that may be required for your business operations, such as office space or restrooms.

Site planning: review the planning of warehouse to ensure that adequate number of dock are provided at site. Also ensure that sufficient space is provided for truck movement, tuning, docking and parking.

Lease Terms: Review the lease terms, including the length of the lease, rent and security deposit amounts, maintenance and repair responsibilities, and any restrictions on the use of the space.

Future Scalability: Consider the potential for future growth and scalability, and make sure the warehouse space you choose can accommodate this growth. This may involve negotiating terms for additional space or the option to renew the lease.

Compliances and Approval: Ensure that the warehouse space meets all necessary regulatory requirements, such as fire and safety codes, and has the necessary approvals and certifications for your business operations. It is also important to confirm that the lease is legally binding and meets the requirements of your business

Short write-up

Warehouse leasing is a growing business in India due to the rise of e-commerce and the demand for modern logistics infrastructure. Companies seek to reduce costs, improve delivery times, and enhance their supply chain operations. Leasing options include standalone warehouses, multi-user facilities, and built-to-suit projects, with lease terms typically lasting 3-5 years. Costs vary depending on location, size, and quality of the facility, with metropolitan cities generally being more expensive. The process involves identifying requirements, shortlisting properties, negotiating terms, and signing the lease agreement. These are the Considerations before leasing a warehouse

  • Location: Consider the location of the warehouse in relation to your business operations, customers, and suppliers. Factors such as accessibility, proximity to transportation hubs, and local regulations should be taken into account.
  • Size: Determine the size of the warehouse space you require, taking into account the volume of goods you need to store, the size of your workforce, and any future expansion plans.
  • Layout and design: Evaluate the layout and design of the warehouse space to ensure it is functional and efficient for your specific needs.
  • Amenities: Check for the availability of essential amenities such as electricity, water, and internet connectivity
  • Lease terms: Review the lease terms, including the length of the lease, rent and security deposit amounts, maintenance and repair responsibilities, and any restrictions on the use of the space.
  • Future scalability: Consider the potential for future growth and scalability, and make sure the warehouse space you choose can accommodate this growth
  • Compliances and approvals: Ensure that the warehouse space meets all necessary regulatory requirements, such as fire and safety codes, and has the necessary approvals and certifications for your business operations.

It is advisable to engage a real estate consultant or attorney to assist with the process. Overall, warehouse leasing presents an opportunity for companies to improve their supply chain operations, reduce costs, and increase efficiency in India.

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