The answer to this question, can you afford a warehouse for rent in today’s market, can only be answered by one person, and that is the owner of the business. We can give you financial formulas to follow, and a list of advice as long as your leg, but the bottom line is this: only the business owner knows the operational budget and thus, only the business owner knows if the warehouse rental fee fits within that budget.
But we can give you an update on what is available and if it is a good deal, and that’s what we will tackle in this article. We are the Fort Worth Design District, forty-plus acres of excellent commercial and industrial space for lease. Call us at 817-439-3224 for more information.
The cost in Fort Worth for a warehouse for rent
We cannot address the cost of a warehouse for rent, or office warehouse for rent, in New York, or Los Angeles, or Chicago. All we can do it use our city, Fort Worth, as a barometer and an example. In Fort Worth, a warehouse for rent is usually priced as a dollar figure per square foot, with prices all over the board, ranging from $1000 to $5000 per month and up, depending upon the size and the location. Please note that figure is simply the lease fee. There are other expenses, which we will discuss later in this article, to be added on to the lease fee.
At Fort Worth Design District, it is possible to lease a warehouse for $875 per month, an exceptional cost considering it is located in the Alliance Area, an area booming in commercial and industrial growth. These are small warehouses, perfect for small businesses, but despite the small size, that is a great value for the property, which can be found at Box Office Warehouse Suites in The District.
The cost of not renting the same warehouse for rent
But what if you didn’t rent a warehouse? What if you choose, say, to run your business out of your home, and store merchandise/inventory in your garage. Without a professional face to your business, would you actually lose business? This is something a business owner must consider. Yes, it can be expensive to rent a warehouse, but you must also consider the business you will lose by not renting that warehouse. In an area like the Alliance Area, where traffic is flowing and growth is assured, it might be worth taking on the initial leasing cost to cash in later on abundant growth.
Additional costs for the warehouse for rent
Cost of the lease plus the cost of utilities, the cost of WiFi, the cost of outfitting the warehouse to meet your needs, the cost of insurance, etc. Know these costs so you can adequately interpret the effect upon your operational budget.
No, this is not an easy decision, and that is the whole point of this article. We want you to sit down and honestly assess the situation, and only once you have honestly assessed can you make an informed and wise business decision.
A word about the Fort Worth Design District
The Fort Worth Design District consists of Box Office Warehouse Suites, Paddock Place Office Suites, and the Golden Triangle Business Park. Call us for more information and to arrange for a tour of our design district.