Title: 4 worst mistakes we should avoid while renting a warehouse?
14 worst mistakes we should avoid while renting a
warehouse?
2When youre going to take a warehouse in chennai
for rent, you need to be careful to avoid making
any mistakes that could cause problems down the
line. There are a few things you should keep in
mind when youre looking for a warehouse for rent
in chennai, and weve outlined four of the worst
mistakes you can make while renting a warehouse
in chennai.
- Worst mistakes you can make while renting a
warehouse in chennai - 1. Location Real estate is all about location,
location, and location. Whenever you look for
Renting a Warehouse in Chennai look for a
location that has - Good access from the highway
- Public transport
- Basic social good infrastructure
- Good roads
- Water facility/ sources
- Easy entry and exit
3Logistics defines your location Being accessible
is one of the fundamental requirements for
choosing a property for a storage facility. For
example in the case of Chennai, a location for an
E-Commerce distribution center alongside
Poonamallee is considered central is highly
preferred due to ease of access to multiple zones
from there Raw Material The first and most
important aspect that goes into choosing a
property is to identify from where and how your
raw material will arrive. Raw materials may
arrive by road, rail, air, or by seaport.
Depending on these, it is advisable to choose a
location to ensure that the procurement/ arrival
of raw material is made easy. For example, for a
thermal power plant, it is imperative to be close
to a seaport if the coal arrival is by
ships Demand Supply factor of your produce/
product/ service The consumption (demand) factor
needs to be considered when choosing the location
of a property. The supply could be for local or
domestic consumption or export and this should
define the ease of supplying the material as per
the demand enters.
4- The demand zones play an important factor in
determining the location of a warehouse. For
instance, an e-commerce giant has a hub in the
heart of the city in Chennai at MKB Nagar as it
can easily cater to most of its high-demand areas
across several zones. - 2. Size A basic understanding of the size needed
is very essential when you look for a warehouse
for rent in Chennai. A storage facility that is
too small will be cramped and will be uneasy to
manage. A very large property will be wasting
space and also will be a financial drain on
unutilized space. - The shape of the warehouse should make it
efficient to utilize. The outer open areas should
have some state-of-the-art landscaping, parking,
good driveways. Optimum size is required to be
taken into account so that rentals are saved on
wasteful spaces and yet space is not less for
manufacturing/ processing/ storage etc. We need
to plan and calculate spaces for - Common parameters Loading and unloading area
Flow of material (ease of) Processing space
movement of men and machines Office space/
meeting rooms/ cabins/ dining areas/ waiting
areas etc Restrooms/retiring rooms/ security
rooms/ toilets/ first aid room etc External
areas for parking for staff vehicles and heavy
vehicles Setbacks for fire engine movement/
water sewage facilities etc
5- Warehouses for rent in Chennai has high demand
material will naturally mean a huge amount of
stocks being stored. This thus dictates the size
of the warehouse required apart from the above - Manufacturing It is important to consider
sufficient spaces for storage of raw material,
line of manufacturing, and storage of finished
goods. - 3. Budget Businesses have certain
affordability. It is important to understand
where the goods are coming from and where they
are going. Last-mile transportation can be very
expensive and therefore for retail and multiple
deliveries it is imperative to be closer to the
city and pay more. - For lesser frequent deliveries and larger
packages, it may be more economical to pay lower
rents away from cities. Properties that are
better located with better facilities will
command a higher rental and those that are built
for a particular (customized) use will command
even higher rentals. The rentals depend on
factors such as
6- Location a location closer to the city/ demand
center will command higher rentals - Quality of the structure/ property depending on
age and suitability, the rental will vary - Specifications A property with better features
will command a better rental detailed in
another document - Internalgood Infrastructure available within the
property - Demand and Supply A location where demand
outstrips supply will command a higher rental - 4. Height It is important to use a warehouse in
cubic feet rather than in square feet and height
at the eaves or side height could help to stack
and to rack and make your warehouse in Chennai
highly efficient financially. A floor height of
1.2 meters is needed for sheds where the material
is delivered by trailers and container vehicles
which lower dock height is needed for delivery
using smaller vehicles - 5. Shutters, docks, and dock doors To enable
faster and more efficient movement of goods into
and out of your warehouse for rent in Chennai, it
may be important to have more dock doors and have
them at the right locations to enable multiple
vehicles for loading and unloading at the same
time to enable warehouse services
7- 6. Safety parameters A state-of-the-art
warehouse for rent in Chennai should have all
approvals in place. NOCs including Fire NoCs etc
should be in place. Following government norms
ensure the safety of occupants and goods and
material. Fire hydrants, sprinklers, emergency
exit doors save money and problems though
expensive initially. - 7. Financials, Market intelligence the right
people to work with A warehouse in a new
location means that you need to know the right
price to pay as a rental. Market intelligence on
local problems and issues will save you the wrath
of problem creators. Always choose a local expert
or a warehouse expert broker who knows all
warehouses and all warehouse owners in the local
market and he can help you with the above. - For any other Questions regarding commercial
space Click Here - For any other Questions regarding Warehouse
rental in Chennai/ Area-wise Warehouse Rent in
Chennai Contact Us.
8THANK YOU !
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