A warehouse becomes extremely useful when the company does not have enough storage, and is not able to buy its own storage space. You can also outsource your warehousing functions to align your company’s core capabilities. Your company can operate smoothly when you have enough space to store and distribute your goods.
If you are still not sure whether to rent or buy a warehouse, here are some of the good reasons why renting a warehouse would be the best option.
- Access to valuable resources
Renting an industrial property in Greenpoint allows your business to enjoy the advanced equipment and technology utilized by third-party logistics [3PL] providers. The package may include a sophisticated warehouse management system, a customizable racking system, inventory management and tracking, and so much more. Having access to trained professionals may also be included in the rent price that will provide extensive logistic services.
- It provides you with a way to expand your market reach at a lower cost
For any business to grow, there are plenty of expenses that can quickly consume available capital. But when you rent a warehouse, your business can easily enter new markets or expand globally without using capital on facility space.
Outsourcing services such as distribution, warehousing, and other logistics that promote business growth, can be done more economically from technology, personnel, and infrastructure standpoint. This allows businesses to reduce operational costs and use the capital to penetrate the market.
- A faster and cheaper delivery
Customers usually demand faster delivery, which may strain the companies’ resources. But by using an industrial property in New York, businesses can meet distribution demands at a lesser cost. A 3PL public warehouse has an efficient distribution system established that covers all facets of transportation management, whether it’s locally or internationally and whether the transportation is by rail, land, sea, or air. Since it is fully automated, the distribution system identifies the most efficient and cost-effective route in which the shipment can reach the end customer. This is a system that’s unmatched by businesses where distribution isn’t a core ability.
Public warehouse rentals offer companies flexibility whenever they need it. Companies only pay for space and services they use, meaning they can scale up or scale down when necessary. This flexibility is extremely beneficial, especially during peak times like holiday seasons, when businesses are overwhelmed and may not be well equipped to handle high demand.
But when it comes to outsourcing warehousing, businesses can tap into the 3PL resources of public warehouse rentals to get their products distributed quickly to meet customer demand.
- Releases up space
Businesses that need additional space in their headquarters can release some space if they transfer tasks to a public warehouse. This leased space allows companies to expand without investing in new buildings. It also helps to eliminate additional expenditures such as insurance, equipment, property taxes, and any other expenses.
Renting a warehouse has many benefits other than the ones mentioned above. If you are looking for the best approach to grow your business without having to incur many expenses, renting a warehouse would be the best option.