As your business storage needs change, you’ll eventually find yourself considering which is the better option — rent a warehouse or build your own?
Renting Warehouse Space
Most businesses start small by renting warehouse space, mostly because of its relatively low upfront cost. Many storage companies charge monthly, with lower rates if you choose options like three- or six-month blocks. Storage rental is ideal if you’re still trying to figure out your business needs, such as how much inventory you should maintain or if you only need seasonal storage.
There are certain advantages to renting a warehouse space. One of these is the rental costs. Even with discounts as described above, costs can nevertheless add up over the years and increase your operational costs, making it less ideal as a long-term solution. Security can also be an issue — the buildings are designed by someone else, which means you will have to check in every so often to make sure your property is safe.
Building Your Own Warehouse
The greatest advantage of building your own warehouse is you have a say in every aspect of its design, from choosing among various options for pre-engineered steel buildings to the color of the resulting structure. You can also make it as secure as you want it to be. If your business has certain requirements like a larger than usual loading dock, or perhaps, you need to store unusually large items, then having your own warehouse is best. Seeing as it’s your property, you will not have to worry about rent, access hours or following rules about what should and shouldn’t be stored in your warehouse.
Owning a warehouse has additional responsibilities that you should consider before you commit to such a project. As the warehouse owner, maintenance, repairs and security are going to be your responsibility. Relocating can also be a problem as you may have to sell the warehouse and start anew.
Overall, building a warehouse presents a better long-term solution because you don’t have to worry about rental costs. You can also have storage space that will match your business needs.
Metal Warehouse Inc. is your leading provider of metal and steel building products, including red iron steel buildings. Give us a call at (903) 270-3650. You can also fill out our contact form to schedule an appointment.