Warehouse Space vs Industrial Space

Make sure you know the difference and why it’s so important to choose the best one to suit your business’ needs.

Ithala Development Finance Corporation are experts in this industry and boast one of the largest rental property portfolios in the province. The property managers at Ithala are able to assist with your application and can help you decide whether your business needs an industrial or warehouse space.

Most people think storage or space to pack boxes when they think warehouse, but it’s much more than that. A warehouse needs space for people, machinery, and other logistics to run smoothly, as well as plenty of storage space for all those boxes. If your warehouse needs a distribution area, you must make sure those facilities are available to you as well.

Industrial space includes the warehouse space, as well as all the other space you need for your business to run optimally. It would include space for your admin area, place for meetings, and staff to work and meet clients, as well as storage space and space for machinery and production.

Knowing the difference between the two types of spaces will help you determine what it is your business needs to be successful and run smoothly.

Read: How to reduce product damage in an industrial space

Don’t make the mistake of thinking you’ll be able to easily turn a warehouse space into an industrial space, especially if you’re renting the premises. This can turn into a costly affair for your business, and it also might not be allowed by the landlord. However, note that it is also not impossible. If you don’t need all the warehouse space available, and there is enough space for you to conduct your operations, then speak to your landlord about the possibility of converting this extra space into a workspace. Make sure you understand the costs and who is responsible for them. Ensure also that you clear everything with the landlord so that there are no hidden costs when the time comes for you to leave the property.

If your business needs more office and operational space than warehouse storage space, you might want to consider changing your property search. There are options for temporary warehouse space which might better suit your needs. Be open to options and speak to a property management expert for advice around your business requirements and your budgets.

Contact Ithala Development Finance Corporation and speak to the experts about you’re your warehouse or industrial space needs. Ithala has a portfolio of properties in various KZN locations to meet your requirements. Developments such as Paramount Park and Isithebe Industrial Estate will leave you spoilt for choice.

For more information visit www.ithala.co.za.