Challenges of finding a warehouse space for rent

Are you struggling to find a warehouse space for rent? There are several pitfalls in this journey and in order to aid you navigate through them, let’s delve into some of the common challenges faced by companies during their warehouse space search.

Cost - Cost is one of the biggest hindrances in finding an optimum warehouse space. Whenever you would like to opt for a space that is favourable for your business from every aspect and meets all your inventory and distribution requirements, the cost shoots up and becomes an obstacle. There is absolutely no denial that good things come at a heftier cost. However, taking your budget into consideration while choosing a space that meets all your requirements is something that is possible with a decent amount of research and not that affordable warehouse spaces don’t exist!

Location - When it comes to warehouse spaces, every company wishes to rent out a space that is in close proximity to airports, ports, railway stations, major bus stations, etc. Having said that, urban warehouse spaces could be extremely expensive, sometimes cost-prohibitive too. In such cases, it is advisable to look for a space that could be a little far and pay a bit extra on shipping.

Multiple locations - Having warehouse spaces at multiple locations could open doors of huge possibilities for your business. On the contrary, this could be cost-prohibitive too because of multiple locations influencing the rent costs. A better way to do this would be to opt for a warehouse space that has diversified network across multiple locations enhancing your operational range from distribution and delivery point of view. This could also contribute to lower transportation costs and way more efficient logistics.

Biggest alternative

In order to overcome all the challenges stated above, the company might collaborate with a 3PL service provider who has a widespread network across several locations and are experienced and adept enough at inventory management, fulfillment, distribution, and transportation. You could always visit your 3PL service provider’s warehouse spaces to check for the facilities and evaluate if they meet your business requirements. Most 3PL service providers also offer customized and value-added solutions specifically catered to your business which could also act as a huge plus in your collaboration decision. Furthermore, if your products require any special storage option such as specific temperature conditions, you can get the availability checked with your service provider. Lastly, the 3PL partner you opt for should be able to offer you real-time visibility of your inventory and movement of goods through warehouse management systems.