Warehouse rental space is available in a variety of sizes and configurations, making it ideal for many different types of businesses. Depending on the size of a warehouse and how it’s configured, leasing warehouse space can be expensive. It’s important for brands to consider all options and work with real estate professionals to ensure that they’re getting the best value and that their rights and business assets are protected.
If your brand is in a good position to invest in warehouse space, it could be a great way to diversify its operations and generate more income. While it may be more expensive than leasing a warehouse, it offers numerous benefits, including the ability to deduct operating expenses and receive tax breaks. Plus, you’ll own the property, rather than renting it from a landlord and dealing with potential rent increases.
If you’re in a city with a lot of traffic, consider renting out warehouse space to local businesses that need parking spaces for their staff members and customers. This can bring in a significant amount of money, especially if you offer a monthly rate for each space.