Consider the Benefits of Owning a Warehouse
If your manufacturing or distribution business has outgrown your current space, you’ve likely done a few web searches for warehouses for sale in the Cincinnati vicinity. There are a number of reasons why it might be a good move to buy or build a warehouse, as opposed to leasing. The most obvious, of course, is a need for storage. A retailer, for example, can store slower-moving items in a warehouse, freeing up in-store space for products that are selling more briskly.
A warehouse can also serve as an alternative to a brick-and-mortar store site, on the Amazon model; in 2019, the U.S. Commerce Dept. reported that for the first time, the total market share of online U.S. retail sales was higher than that of general merchandise sales. The commercial goods and services market is changing on a large scale, and that’s definitely something to consider when browsing available commercial or industrial real estate for your new warehouse.
Investment Property or Company Expansion?
Owning warehouse space can provide the room you need for your business to grow, and the same building can double as both inventory storage and office or production space. If you’re not using all the space, some of it can be rented out to other businesses, or you can purchase a warehouse for the express purpose of renting it out to bring in more revenue. And if you do need storage space for your own business, owning a warehouse can be cheaper than renting – especially if you also have other business tenants in the space.
In fact, purchasing a warehouse in today’s economy is a great investment. Warehouse space is in high demand with low vacancy rates. Demand for warehouses far outpaces supply, so property managers can charge higher rent, and locating tenants isn’t nearly as difficult as it can be for other types of industrial properties. Whether you want to invest in an existing warehouse you can acquire off the market, or do a speculative industrial build, the potential revenue outweighs the risk.
If We Can’t Find You the Right Warehouse, We Can Build to Suit
The Schueler Group’s extensive property listings in Southwest Ohio and Northern Kentucky often include warehouse and warehouse/office properties for sale or lease. And our long experience in designing and building commercial facilities also includes warehouse projects, such as the 30,000-square-foot office/warehouse and light assembly building we completed in 2020 for the Melink Corporation in Cincinnati.
Whether you want to lease, buy or build, we’ll help fill your warehousing needs.
Check out one of our warehouse builds that required our commercial construction company to come up with some creative ideas for sustainable construction in order to create a zero-energy industrial property.