Do you own warehouse space and still don’t know what to do with it? Do you want to earn an extra income just by utilizing or turning your warehouse space into something better? Well, read on, because this article will further give you tips on gaining profit with warehouse spaces.
Warehouse spaces are one of the most popular real estate industrial properties today. Nowadays, warehouse spaces have already become so flexible. Before, warehouse spaces were just plain warehouse spaces — a place for storage of different goods or products. Today, warehouse spaces can turn into a variety of options to choose from. Since the world is evolving and ever-changing, people are constantly finding and thinking of new ways on how to utilize a particular thing, or in this case, a space.
In today’s age, you get to decide what you want your warehouse space to be. You get to choose which type of business you want to develop within your warehouse space. Real estate businesses all over the world also offer and consider leasing and selling warehouse spaces. One real estate that provides warehouse spaces is located in Kansas City, where a variety of for lease warehouse spaces are available for you to choose from.
Storage
The most common use of a warehouse is for storage. Normally, different types of raw materials and goods or products get stored in large warehouse spaces. However, when you think of using your warehouse space for storage, you also have to consider a lot of factors.
What type of materials or goods will you be storing up in the warehouse? This determines which features or areas of the warehouse you still have to check like temperature control or ventilation, racks, forklifts, and even security.
Office Space
A lot of companies nowadays have already adapted to this kind of trend. In the movie, The Intern, Anne Hathaway has an online shopping business. Their office? It was an old publishing warehouse.
Warehouse spaces turned into office spaces is now a trend that a lot of companies do. Why? Because warehouse spaces are commonly vast, where you can unleash your creative side and design your office the way you want. Most startup businesses use warehouse spaces as their office because of how spacious it is and–since most warehouses are located in cities–how it has access to the different conveniences of the city.
Meetings or Co-Working Space
Co-working spaces are also one of the latest trends today. These spaces are frequently useful for freelancers, or if you just really want to work somewhere other than the comforts of your home or in a cafe. In co-working spaces, you get to work and even interact with new people at the same time. Who doesn’t want to work in a comfortable setup? Everybody would want comfortability while trying to get their job done. That’s why you will also be needing desks, chairs or couches, and power source or outlets in your co-working space.
Turning your warehouse space into a co-working space can attract a lot of people who look for areas to work in. Creatives, businesspeople, freelancers, and a whole lot more would want to get their jobs done in a productivity space. Other than that, you can also customize or renovate your warehouse and add sound-proof rooms, which people can rent whenever they have to conduct meetings.
Events Place
Warehouse spaces can also be turned into an events place. You can always transform your industrial or commercial space into a beautiful location for events like birthdays, weddings, proms, and a lot more.
As for the added expenses, you’ll only be needing a little amount. These added expenses include temporary flooring or wallpapers in-theme for a specific event, sound system, furniture, or even plants. Not much really has to be done when you decide to turn your warehouse space into an events place because how the whole area will look like will always depend on your client’s request or the event’s theme.
Sports and Fitness Center
Warehouse spaces can also pass as sports and fitness centers or gyms. Since they are very vast or spacious, you can put up a gym, lay down mats or carpets, and bring in some fitness machines and gym equipment to help your startup. Also, you can hire or look for personal trainers since a lot of people nowadays prefer to be trained.
However, you also need to consider hiring or researching about insurance and medical assistance. Since you plan on turning your warehouse into a gym, you will most likely be liable for any accidents or mishaps that could happen. It’s always better to be ready. But you can still prevent these accidents by briefing and training not only your staff but your clients as well.
Wrapping Up
Utilizing your warehouse space requires a lot of research and even renovations to be done within the warehouse. It’s going to take a while, and it wouldn’t be that easy, but it’s always better than risking a lot of your expenses, staff, resources, and even your warehouse itself. Also, always consider checking your temperature control or ventilation, check in with the fire department, insurance, medical assistance, local officials, to name a few.
However, no amount of tips on gaining profit with warehouse spaces will really suffice. It’s always up to you and how you handle your business and your people. A good business always has everything checked before anything else.
