Always keep in mind the factors that are most important to your business. Some will need very specific types of spaces, with specific power or shipping requirements, while others will be highly dependent on a certain location, and still others are incredibly price conscious.

All of these decisions can have serious repercussions on your business if not thought through completely, so here are three tips to get you started on your search for industrial and warehouse space in Toronto:

Work With a Tenant Representative

No one knows the ins and outs on industrial and warehouse space for lease in Toronto like a tenant representative. These professionals deal exclusively with this type of space and buildings day in and day out. They know which spaces are the best, which spaces will and won’t work, and they will likely know which landlords are more willing to negotiate. Working with an excellent tenant representative is going to ensure you will find the best industrial and warehouse space for your business’ needs. FR Capital Realty provides Tenant Representative Services throughout Toronto to a wide variety of business search for industrial and warehouse space for lease.

Plan Ahead

The process to secure your industrial or warehouse space can be complex. Anyone that has ever been through the process before can appreciate the benefits of starting the process early and giving yourself plenty of time. There are a multitude of factors to consider, finding time to set aside your daily business operations and view spaces, settling on the preferred location, negotiating the terms of deal, planning for, and moving into the space… it all takes time, and running out of time can jeopardize your business. That’s why having a plan is crucial, you cannot expect to have an industrial space for lease in Toronto be dealt in just a few weeks. It can often take a few months or more, be prepared for that, as relocating or moving into a new space can cause disruption for your business.

Know Your Space Needs

Industrial spaces come in all shapes and sizes, especially those located in and around major metropolitan areas. Depending on your needs, various types and sizes can be considered. Do not forget to factor in ceiling height requirements, bay size, shipping doors, parking, and your storage requirements. You also need to consider what is practical, what is available, and what is best for your business. Many options include multi-use industrial parks, space for light manufacturing businesses, warehouses, yards for outside storage and equipment parking, prestige industrial, office/industrial spaces. These are some of the typical industrial and warehouses spaces you will come across when looking for space to lease in Toronto. Know the size and location as well as other essential requirements you need before you start searching in order to make the space work for your business.

By following these tips when conducting your search for lease space, and having a good idea of a strategy before you even begin your search it can often be the difference between finding an incredible industrial space for lease in Toronto that meets all your needs, and one that you have to settle for.

If your business needs industrial space for lease in Toronto, Contact us today to learn more.

Here are 3 steps to follow when searching for office space in Toronto:

PLAN AHEAD

The earlier, the better. It is very important to begin planning well in advance. While it’s possible to find an office space last minute, you will most likely be at a disadvantage taking the last minute approach. Depending on the size, it is common for Tenants to start the process 6 to 12 months from their desired commencement date. This will give you the best opportunity to fully analyse current market conditions and make an informed decision. Maybe you find the perfect space in the prefect location, but the landlord is in the process of making building upgrades and your new premises won’t be ready for 6 months. It’s also possible that once you’ve gone out and seen the alternatives, you may be happy to stay and renew your lease in your current premises. Should this occur, you will need to provide your landlord with a notice to renew which is typically 6 to 9 months in advance. If you wait until the last minute, your landlord may lease your premises to a another tenant. Giving yourself the most amount of time will put you in the best position as a Tenant.

HIRE A COMMERCIAL REAL ESTATE BROKER

Commercial Real Estate Brokers know the market best. They are seasoned professionals with extensive market knowledge and will expose you to all the leasing opportunities within your desired market. It is important to engage the services of a professional who is familiar with the market in which you are seeking office space. While Tenants can do it on their own, hiring an industry expert will ensure nothing is overlooked and you will get the best possible deal, after all you have your own business to run.

ASSESS YOUR NEEDS

It is important to understand your companies needs today and down the road. There are several factors to consider when examining your office leasing requirement. Some of the more common ones will include Location, Size and Budget. These are the main points to consider when assessing your needs however there is much more to consider. Your Commercial Real Estate Broker can help assess your needs and ensure your interests are being protected.

If your business is planning an office relocation or office renewal, FR Capital Realty Advisory Services can help. Contact Us today.