A recent study has concluded that the storage and warehouse leasing industry in the United States is worth approximately $26 billion. This number doesn’t include the construction or outright purchase of storage facilities, just leasing. Manufacturing warehouse space is an important part of running a business where there’s a large amount of inventory to keep track of, so it only makes sense that so many business owners would want to invest.
Whether you’re a small business owner looking for extra storage space, or running a large moving business and need space for trucks and other large industrial items, leasing a warehouse can take a huge weight off of your shoulders. The demand for storage space increases by just under 10% every year, but that small percentage really adds up! Since the year 2000, the amount of occupied warehouse space has increased by nearly 90%.
One of the biggest consumers of manufacturing warehouse space, believe it or not, is online retail. The things you buy online don’t simply materialize and get sent to your house, they’re stored in commercial warehouses all over the world. E-commerce is expected to grow at approximately 10% annually over the next five years or so, which will present numerous opportunities for warehouse owners and distributors. In the next five years, online and offline retail businesses will need approximately 25 million square meters in additional warehouse space when combined.
Commercial leases are not all that different from domestic leases, although the space you’re leasing will be. Commercial leases and commercial warehousing are in the same category, but commercial leasing can apply to more than storage space. For example, if you need to lease a building for office space, that is considered commercial real estate. Similarly, if you’re looking to lease a warehouse to store industrial equipment, that’s also commercial real estate.
Whether you’re looking to start a company or store equipment for the company you’re currently running, researching and investing in commercial storage is always a good idea. Because let’s face it, you’ve got stuff to do, and worrying about where your stuff is getting stored isn’t on your to do list!