It should not surprise you to know that most people know very little, if anything, about renting any industrial space for lease. Renting a shop for rent, renting a warehouse for rent, renting any industrial space for lease is just not something the average person will ever do.
So, it should also come as no surprise that most people do not know anything about the process of leasing industrial property. In this article, we will touch upon the main aspects of renting industrial property. Consider it a Beginner’s Guide to leasing industrial space, presented to you by the Fort Worth Design District. Call us at 817-439-3224 for more information or to arrange for a tour of our innovative business community, Fort Worth Design District.
And now, your primer!
Begin by determining your needs for industrial space for lease
Nothing happens until you know for sure what it is you need. We suggest you take your time with this step. Sit down and write out a detailed list of all of your needs. Do you need a warehouse? If so, how large? Do you need an office with that warehouse? Do you need flex space? What kind of zoning do you need? Do you need a roll-up door? A loading dock? How much electricity and water will you need to conduct your business/manufacturing? How large a parking lot will you need? Do you need to be close to the freeway? Do you need room to grow and expand?
What is the best location for your business?
Will location be a factor? Do you need to be near the downtown corridor? Do you need to be near something in particular? Or is location even a factor?
Visit several offerings and match needs to what is offered
Once you know exactly what you want, and you have a general idea of where you want it, you can then start visiting properties to see, in person, if the properties match your vision. Be patient. Keep looking. There are a lot of properties on the market, and the one you want does exist.
Negotiate for the best terms
Very few people outside of the real estate industry know this, but you the customer can negotiate the terms of any lease. Nothing is etched in stone. There are a great many industrial properties sitting empty in all the major cities in the U.S. I would submit to you that this is an excellent time to be renting property and for finding the best terms possible.
Have the contract read over by a real estate lawyer
You are almost done. You have found the property you really want. Now it’s time to have a lawyer read over the leasing contract. Yes, this will cost you a few hard-earned pennies, but it will be worth it in the end.
Sign the contract
The lawyer gives you the thumbs up, you love the property, you have the terms you want, so get out your pen and sign that contract. Pat yourself on the back for a job well-done.
A word about Fort Worth Design District
The Fort Worth Design District is actually three distinct business parks in the Alliance Area of North Forth Worth: the very unique and charming Box Office Warehouse Suites, Paddock Place Office Suites, and the Golden Triangle Business Park. Call us the next time you are in the market for industrial space for lease in the Fort Worth area.