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Date Created: 12/18/15
Tips on Searching for the Perfect Industrial Property Industrial property refers to land improvements, structures, buildings and other real estate, equipment, machinery, furniture, different fixtures or any part/accessory, whether under construction or completed. It is primarily meant for manufacturing of goods/materials, engaging in high-tech activity or processing goods/materials through chemical or physical change. So, how do you go about searching for the perfect property to set up your business? Begin by determining your particular business needs. Some people need warehouses while others need loading and unloading facilities and some people need office space while others need manufacturing plants. Consider what your business needs versus what the property has to offer.As an example, you need a property that has ample parking for your customers and staff. You should also consider such things as water and electricity supply, access to the Internet, sewers and security. The location of the property is one of the most important considerations. The location should be convenient to your customers/clients as well as your employees and suppliers. Consider the type of rental vis-a-vis your long term goal. Note that a short-term lease could prove to be disastrous since it means you might be forced to relocate as soon as you establish yourself. Go through the lease provisions and clauses to prevent such things as hidden charges. Consider the property operational costs and who is responsible for maintenance/contractor management. Work on your interpersonal skills if you want the best industrial property. Such interpersonal skills as negotiation and communication skills will help you get the best possible property for the least possible amount. Do not shy away from haggling over the rent since most landlords are flexible when it comes to rent. You could bring somebody along to help you with the negotiations. Visit the property before putting pen on paper to ensure you are getting exactly what you have paid for. You could bring such professionals as plumbers and electricians along for the scrutiny. Consider enlisting the services of a professional to help you with the search. Most professionals in the field have a big online presence. This is important because you get to do your search in the comfort of your home. You get to pick the categories, sub-categories and even price ranges and space you want. Going online gives you an opportunity to read independent reviews and to read customer testimonials. You save money when you do your industrial property search online since there is no travel involved. You also maintain your anonymity.