Three reasons to rent industrial or commercial property

Ithala Development Finance Corporation has been on the front lines of mobilising communities in KwaZulu-Natal for decades and has one of the largest rental property portfolios in the province.

There are many reasons why small businesses and entrepreneurs may wish to rent industrial or commercial property, not least that the infrastructure for running your business is already prepared and ready for you. 

Renting an industrial or commercial premises represents an excellent opportunity for small businesses to control and redefine their own progress due to quick company start-ups, centralised locations, reduced costs, and increased flexibility. While many consider renting a property to be riskier, rentals present SMEs with unique benefits, particularly as they seek to reach their goals, empower their workers, and make a difference.

Let's look at these three benefits more closely: 

1. Building your business quickly 

Industrial and commercial properties often provide every last bit of infrastructure you require to run your business right off the bat. Industrial and commercial properties come in all shapes and sizes and you are very likely to find a property that exactly suits your needs. From warehousing space to office space, existing electricity and water connections, actual construction, special facilities, and even public transport infrastructure, renting a commercial property will give you immediate access to these benefits, leaving you free to concentrate on what matters most to you: your small business.

2. Central access to your business 

Industrial properties are most often constructed in or near central areas and key access points, giving your employees an easy and direct commute. A centralised location is also excellent for customers, suppliers, distributors, and other clients to access your company. An added bonus is that such industrial regions are often home to many other high-profile companies, giving you more exposure than you may have if, for example, you were running your business from home.

3. Reduced costs and increased flexibility 

For small businesses, especially start-ups, lower initial costs are a blessing in disguise. Renting an industrial or commercial property means your start-up costs won’t be as high as they would be were you purchasing a property. Your largest cost will be providing the deposit, but this is much smaller than the capital you would require to buy a property. In addition, maintenance is often included in many leases, which means any issues with the property must be dealt with by the owner and not from your own pocket. You will also have a lot more flexibility without being tied to a bond: if the time has come for your business to expand, you can easily find a larger and more suitable property that meets your requirements without having to pay for renovations.

Ithala Properties are located throughout the KwaZulu-Natal province and offer the convenience, market-related rates and access to markets.

Visit MyIthalaStory.com for more information and to find your perfect property.