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Your Industrial Lease Is Expiring. Now What?

When it comes time to decide whether or not to renew a lease for industrial space, it’s important to weigh all of your options to determine what’s best for your small business.

On top of moving all of your equipment and supplies to a new space, you also have to think about what it means to move your company for yourself, your team and your customers - and if it will be beneficial in the end.

The following is a list of steps to take when you’re deciding your next steps with your lease. 

  • Start the process about 6 to 9 months before your industrial lease will expire. We recommend you reach out to your local Truss broker in the early stages, which will save you time and stress. Even if you are wanting to renew your current lease, our brokers can help you re-negotiate the lease and help you understand what you’re getting. Our brokers can also help if you want to buy or sell an industrial space.
  • Think about your company’s growth. In industrial space, it’s important to predict where your business is going to go in the next 3-5 years and what spaces are appropriate for your growth. Do you need more loading docks? Warehouse space? More office area?
  • Consider how your potential move is going to affect customers. Will it be easier or as easy to get to nearby transportation hubs (which allows you to get products to your customer faster?) Will you be able to fit in a new machine into a bigger warehouse that will speed up processes?
  • Keep in mind that our brokers work for YOU - not landlords. Members of our team can help you during any and all steps of the process.

Being able to answer these questions will help you in making a decision to renew your lease or find new industrial space. Our brokers are here for you to answer questions that you may have about the process.

Thanks to our online marketplace, we’ll make it easy for you to find the next space that will work best for your small business.

Click here to start your search with us.

Join the 15,000 businesses who have used Truss to find their perfect space