Warehouses in Singapore for rent
Warehousing implies temporary storage of goods before their distribution to the end user in the supply chain. Over the years, the warehouse industry has evolved from offering only storage of goods to offering other value-added services, such as picking and packing, distribution center management, and shipment of goods to customers. According to a report published in Business Wire, warehousing accounts for 18% of the $12 trillion globally spent on logistics. Since the interest in better logistics has been gaining speed with high expectations of business firms around efficiency and performance, Singapore has put its resources into developing modern well-equipped warehouses. Speaking of facilities of extra storage Singapore has developed into a hub of warehousing facilities.
Since Singapore has had a flourishing growth in eCommerce and data-driven technologies over the past couple of decades, many international business organizations have established their regional headquarters in Singapore, rendering it as the leading global hub in Asia.
Why we need a warehouse?
The first worry that comes across your mind when you are starting a new business, or expanding your operations is the availability of a warehouse and its location. You might find yourself looking for warehouse space at some point in time. Searching for warehouse space for rent is a time-consuming process. However, it is an important decision that involves heavy capital investment and long-term contract. Thus, you must consider certain points before you rent a warehouse or a self-storage unit.
Establishing a successful small business is no small feat at all. With the growth in business, the spaces where it started, its organization and managing inventory can project a problem. Instead of renting additional space to accommodate inventory, choose self-storage units. Self-storage facilities in Singapore are a relatively recent concept of storage that allows start-ups and large businesses to rent a much smaller space that isn’t an entire warehouse. It allows for more flexibility. You can choose different unit spaces to suit your different needs. The self-storage units are a more cost-effective way to manage the inventory. Besides this, these storage units offer a safe place for storing extra equipment and thus, make for more space in your premises while you are planning to shift your office to larger area.
How to find the most suitable storage unit?
Of the most important points that one must consider for a warehouse is the space, location and price per square feet. Understand the costs associated upfront, daily operations, management of the warehouse, along with the fluctuations or changes in the business. There are different types of warehouses suitable for different businesses depending on the growth, operations and storage requirements. If we study more, we can find many ways to categorize the warehouse types available in Singapore. The common types are B1’s/B2’s, JTC -planned factories, and former industrial properties etc.
When choosing a storage unit, the following points must be considered.
- The storage unit is outdoor or indoor: Outdoor storage facilities in Singapore are mostly the garages which are exposed to the elements. They are good for storing goods that are not affected by climate changes, such as garden tools, metallic items, sports goods etc. Outdoor storage units aren’t suitable for goods that are likely to get damaged by temperature changes and moisture, such as indoor furniture, artwork, clothing, electronic gadgets, and photos. Indoor units have air-cons, and weather protected interiors that can keep the goods safe.
- The quantity of the goods to be stored determines the size of the storage unit you need. Storage units are available in different sizes and cost according to the size, so choosing the right size will save you from any unnecessary spending. Check out what all things you need to store and gauge the space needed for storage.
- The storage units must be located close to manufacturing units. The area should have good connectivity through roads. You don’t want a unit too far from your home or office. Therefore, the location should be easily accessible. That will save time and money.
- The terms and conditions of storage rental charges and their payment should be clear to you. Provisions of late payment and other things must be known to avoid misunderstandings. So, you must ensure that all the terms and conditions suit your needs and lifestyle. Also ensure whether they provide long-term storage or not.
Thus, the getting a warehouse space for rent is not much difficult in Singapore. The only thing you need is clarity of requirements. Needless to say, once it is known to you, warehouse options are many in Singapore to support your business.