What To Consider When Choosing A Warehouse Rental

Whether you’re just starting your business or seeking to expand your operations, you might find yourself in need of a bigger space to store inventory. From warehouses to industrial spaces, they can be used for goods production, storage, fulfillment and distribution.

If you’re in the market for warehouse rental, we have a portfolio of properties across Singapore which offer commercial, warehouses and industrial spaces for rent.

Our property at 18 New Industrial Road offers units suitable for warehouse, light industrial and ancillary office purposes. Located at city fringe, it has easy accessibility near KPE highway, with a short walking distance to Tai Seng & Bartley MRT stations. This 6-storey B1 industrial building has a revamped layout and façade facelift with a professional corporate image. Sizes of the units range from 646 to 2,626 sqft – with window, aircon and lights for selected units. If you need a small business space for rent, our subsidiary offers storage and work spaces with a conducive working environment that’s ideal for small businesses, startups and entrepreneurs. Other facilities include 20-footer access, 2 loading bays, 24-hr access & CCTV, variety of F&B nearby and complimentary parking for the 1st lot.

Need some help looking for a storage warehouse for rent? We share a quick guideline on what this process entails.

How to begin your search

To help you narrow down the type of property that’s ideal for your business, determine your specific criteria. Here’s a few things to take into consideration:

• How much space you need
• Rental budget every month
• Location preference – to be close to business partners, suppliers or customers
• Facilities you need – for example, loading bays, passenger lifts, or a certain ceiling height

Once you’ve shortlisted a few properties in mind, make appointments to see them in person. You can do a thorough walk-through of each property and make a more accurate assessment whether it meets your requirements.

Compare key elements of the properties you’ve viewed, such as:

• Unit lease price
• Square footage
• Length of lease terms
• Is facilities fee included?
• How well it meets your needs

How to calculate the costs when renting a warehouse

Next, you will want to make sure that you have a clear picture on the costs and expenses. Look for “hidden fee provisions” to know what your projected costs will be like when you are leasing the property. This refers to utility fees, property maintenance, amongst other additional expenditures. The key is to be clear on the terms before signing on the dotted line.

Some of the questions you can ask include:

• Who deals with repairs?
• Who pays for any property improvements?
• What are the utilities, taxes and maintenance fees?

How well the warehouse fits your needs

If you’re a small business, you might only be working with a small fleet of vans to deliver your goods or outsource it to a third-party shipper. Regardless, you might need amenities like parking space and loading bays to pull up to the space and load up your goods. It also depends on how large the vehicle is and whether it can fit in the loading/parking area.

In addition, if you anticipate working in the warehouse, you will need to consider adding more space to designate an area for admin work. Otherwise, you might not need the extra square footage if it’s only to store excess products. However, it is wise to evaluate whether your current inventory level is expected to grow within the next several months or a year down the road, so you have the space to accommodate for it.

Another property we have is at Depot Lane, with spacious units at 4,391 to 4,420 sqft and fitted with lights. Located in a centralised area in Bukit Merah, this property is well-connected to various parts of the island for better delivery route planning. It has a unique feature – ground floor warehouse with loading bay located right outside the unit that will benefit your logistics operations. The nearest train stations are Redhill MRT and Telok Belangah MRT to ease daily commute, with several bus stops nearby at Depot Road. For an array of amenities, NTUC Fairprice Supermarket and Depot Heights Shopping Centre are located at reasonable distance. Other facilities include 40-footer access, 24-hour access, column-free layout, nearby F&B options, and season parking for cars/small lorries.

Don’t miss our limited-time promo on our featured properties and more! From factory and industrial spaces to tuition centres and small F&B spaces for rent, enjoy 50% off rental rate when you sign up before 30 Sep 2020!

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