3 Factors to Consider Before Buying or Renting a Logistics Property.
Category Advice
Photo by frank mckenna on Unsplash
Are you thinking about buying or renting logistics property? The premises and location from which your business is going to operate will be critical to its success. Let's have a look at 3 factors you should consider when choosing a property.
- Physical Location
This is probably the most important factor when deciding on your logistics property. Location is key to the success of your business. You need to ensure that your chosen property is as close as possible to the products or commodities you will be transporting, and that it is easily accessible to all major transport routes. Properties that are easily accessible to the N3 highway are a wise idea, particularly those near Cato Ridge with the new and upcoming Dry Port. If you would like further information on the N3 Corridor upgrades, their impact on the Upper Highway area, or advice on logistics properties available for rent or purchase in this area, you are more than welcome to give our industrial and logistics property specialists a call.
Photo by Robson Hatsukami Morgan on Unsplash
- Workforce Availability
Workforce availability, skills, and labour costs are some factors to consider and directly relate to local demographics. Not every geographical location offers a workforce with the right skills at the right price. Consider the skills you require in a workforce and if your chosen logistics property is easily accessible to your essential/skilled employees commuting to and from work.
- Square Meterage
You need to compare what the price is per square meter and compare this to other sites in a similar location. It may be worth compromising and paying a little more for your property per square meter if it is in an ideal location. If you are paying slightly more per square meter but are saving on transport or labor costs, for example, then it is worth the extra spend. On the other hand, a lower price per square meter may seem appealing, but if you're compromising on a crucial factor just to get a cheaper rate, you may find you will be paying for it elsewhere.
Contact the expert estate brokers at Sharelist Property today to explore their extensive range of logistics and industrial listings available in the Cato Ridge, Drummond, Hammarsdale and Upper Highway area, or call them to discuss the price per meter of a property you are considering purchasing or renting. It is always helpful to shop around and obtain different quotes so that you can make an informed decision. They would love to assist and offer some advice.
Author: Haylea Haynes
