Should I buy a warehouse or lease a warehouse?
If you’re looking for a warehouse for your business, you should follow suit as well.
Since business owners are looking for warehouse for lease. They are doing away from buying the godownHere are three benefits of leasing a warehouse:
- An affordable option-
- Seamless scalability-
- Better facilities-
This is quite an obvious benefit. Buying a warehouse space is expensive. In contrast, renting the space is a much cheaper option. You’re left with a significant chunk of capital that you can spend on other things to grow your business. Renting also brings tax benefits. To that, you don’t have to worry about and spend on maintenance and repairing of the space. The third-party vendor takes care of this.
Your business is growing – and so are its warehousing needs. One of the benefits of a warehouse for lease is flexibility in scaling. You can expand your storage or space as your business needs grow; you pay for only what you’re renting. With an online logistic solution provider that boasts a large network of warehouses, you can rent the godown at different locations and scale your business. This is a cost-effective and faster option. In contrast, if you’re buying a warehouse, once your needs grow, you would have to buy another one. This is, again, a costly affair. Buying also takes a lot of time in paperwork. Many businesses are better off renting.
Warehousing and 3PL providers bring a lot of advantages or pros to the table that adds to the value proposition and enables business owners to optimize their supply chain. For one, these third-party warehouses on rent have better facilities through tech integration. You can manage your inventories across different locations from a centralized platform. The dashboard offers you rich data to further help you make better decisions. You couldn’t get all these facilities (not without hefty investment) if you buy a warehouse.
These are three benefits of leasing a warehouse. So, if you’ve long been thinking of opting warehouse for lease, take the step and do it. It has many advantages.