For first timers, leasing industrial space can be a nerve-wracking experience. There are so many things to know, legal matters, contracts, regulations, zoning, things which most business owners simply do not know.
We hope, then, that this article will help you in your search. We are RDS Real Estate, serving the Greater Fort Worth Metro area with flexible, desirable, and affordable industrial space for lease. Call us at 817-439-3224 for more information and to speak to a leasing agent.
What is industrial space?
“Industrial space” is more commonly used to identify a building used for manufacturing, production, fabrication, assembling and conducting meetings. And, while industrial space can also include warehousing tasks, it doesn’t always have to be a warehouse property.
What you need to know before leasing industrial property.
Here is just a partial list of questions you need to ask while looking at industrial property for lease:
- What are the terms for the lease?
- What utilities are included in the rent?
- How is the rent amount calculated? …
- Will the rent be increased?
- Can the lease be renewed when it expires?
- Is the property insured, and who’s responsible for the insurance?
- Who owns the industrial property?
- How long has the property been owned by the landlord?
The answers to these questions will provide you with much of the information you will need in making a decision, but there is more. Are you familiar with real estate leases? Do you understand the different types of leases? Are you familiar with the terms of leases? Is the price quoted a good price for that location? If there is a disagreement during the lease, how will that disagreement be handled/rectified? If the rent is increased, how much notice will you receive? If the property is sold, will your existing lease carry over to the new owner?
Chances are this list of questions only serves to increase your anxiety and that is why we strongly encourage people to obtain legal and financial guidance.
Pay for professional help.
Yes, it is costly to enlist the aid of a real estate lawyer and tax accountant, but overlooking or misunderstanding the terms of a lease can be much more expensive in the long run. We strongly suggest that you pay now rather than pay later. This may seem like strange advice, coming from a commercial real estate company, but we would much rather see our clients signing a contract with peace of mind, rather than sweating bullets and hoping they haven’t made a huge mistake.
A final word about RDS Real Estate.
RDS Real Estate is locally owned and operated with over three million square feet of quality industrial space and commercial property for rent. What is it you need? Warehouse for rent? Shop for rent? Garage for rent? Retail space for lease? Office space for rent? We have it all and we can find the right location for your needs. With properties in Tarrant, Parker, and Johnson Counties, we have this region of Texas covered like your favorite blanket. Call us today and ask us about the Fort Worth Design District and the 917 Industria Park, two great locations perfectly situated for the growth spurt to come.