What All You Need To Do To Maintain A Warehouse?by Ankita Sehgal Freelance Blogger, Lives in New Delhi
Coveted by retailers and boosted by internet shopping, warehouses are the new hot real estate commodity.
With rising expenses, depleting capital, and fluctuating stock market, investing in anything seems a risky option. With such rampant inflammation, investing in Industrial real estate development seems to be the only viable option for the investors.
No matter how unpredictable the stock market is, putting your money in commercial spaces is definitely a great idea to make a lucrative result.
When it comes to making a profitable investment, warehouse industry presents itself as the most right choice. Industrialists are slowly shifting to importing and distribution from the production of goods as labor costs in the logistics department are much less as compared to production. The demand for storage and imported goods have suddenly boomed and it’s a great time for investors to make an investment in this market.
A venture in real estate business can be a hazy bargain and one must take pros and cons into consideration before making an investment. Here are some do’s and don’t’s that you must consider if you are investing in the warehouse industry.
Check the height of the warehouse: The distance between floor and ceiling is the most important aspect of any warehouse industry. This one is an important parameter for those who have to stack large cartons and heavy pieces. For instance, warehouse spaces in Chennai have a clear height of almost 30 to 32 feet because they store most of the logistics that come from the North Indian belt.
Loading Dock is necessary: Unloading stuff is not such a cumbersome job as loading. An external loading dock is required to carry out things in a seamless fashion. Make sure the machinery used for loading purpose is in fit condition. Warehouses managers should special attention to this process as these processes are very much more prone to mishaps.
A dedicated office space: This one is going to be 5% to 10% of the total area and it is very important because this is the place where all the documentation work will be kept.
Appropriate location: In order to make a lucrative investment, you must invest a considerable amount of time in choosing the right location. Prefer to have your warehouse near expressways and the main highways because that would help you save a lot of fuel costs. This would definitely cost you more money but it is profitable in long run.
Security issues are the next important things to ponder upon. A unit in a safe and secure area would cost you more money but it is worth paying for to keep your stocks preserved and safe.
Warehouse industry has come a long way since its inception, the modern warehouse spaces come in varying sizes that are put in a single building. Importers and retailers should always vouch for these secure places.
Make a deal with local business operators: Local business operators are currently the largest user of self-service warehouses. Since they are reluctant to keep files and stores in their own offices, they prefer to rent or buy a space to keep their archives safe. There are Doctors, investors, lawyers, and local business owners, who do not work in a professional office space but have a large chunk of stuff that they want to keep preserved.
A decade ago, nobody would have predicted that warehouse industry will become such a big business in coming few years. With single-family homes and apartments shrinking, leaving no space for an attic or basement, families are also looking for such warehouse spaces to keep their stuff.
Created on May 22nd 2018 01:04. Viewed 360 times.
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