Archives for October 2012

Use a Broker or Find the Space Myself?

How much is your time worth? Are you better off running your company and letting a professional handle it for you? Can you do both, well? Do you have experience in real estate negotiations? Frequently I get calls from people looking … [Read more...]

Determine Whether You Need Outside Storage and How Much

If you do need outside storage, make sure you choose a property with the correct zoning designation. What you store outside plays a big part in how much land you need and where it is allowed. Parking cars is quite different than storing … [Read more...]

Determine Truck Court Needs

How many and what type of truck deliveries do you get a day, a week a month? Make sure the property you choose can handle the trucking volume without interruption from other tenants or property limitations. … [Read more...]

Define Your Budget

Once you get a handle on market values and how much cash you have, you can work backwards and figure out how much space you can lease/buy. Purchase example: Assuming the following: You have $1,000,000 cash and buildings sell for +/- $70 per … [Read more...]

Mechanical – HVAC – Fire Sprinklers Issues – Rail Access

This is where planning pays off big time. Modifying the building before you move in, is a lot easier than doing it while you occupy the space. Mechanical and electrical engineers should be consulted when evaluating potential buildings. … [Read more...]

Determine The Amount of Office and Warehouse Space You Need

Allow for future growth. Having to move again or get space close by results in inefficiency and higher costs in the long run. Lease/buy 10-30% more space than you need and rent it out until you need it. Think long term. Plan for success. … [Read more...]

Determine The Ceiling Height You Need

If you are a distributor, the higher the ceiling height the better. Determine whether you stack 2, 3 or more pallets high. Typically you need 24’ for stacking 3 pallets high. This can vary on the size and weight of your products. Be sure to take … [Read more...]

Determine Whether You Need Loading Docks

If you are a distributor you need loading docks. You may also need street level doors. If you are a manufacturer or service provider, you may not need loading docks. There are several types of loading docks: Truck … [Read more...]

Identify The Zoning You Need And Define Your Geographic Boundaries

Each municipality such as has a zoning ordinance which specifies which businesses can operate in differently zoned areas. You can go to – they provide online ordinance presence for numerous municipalities. Examples are : - … [Read more...]

How Far In Advance Should You Start Looking For Space?

In a balanced or tenant/buyer's market: To Lease Start 4 months in advance of your current lease expiration 1st month - educate yourself on the market 2nd month - identify and narrow down your choices 3rd month - get the lease … [Read more...]