Looking for the perfect industrial space for rent in Singapore is no easy feat due to high costs and land scarcity. Apart from taking rental costs and the quality of the space into consideration, you will also need to understand the different industrial property class types before sealing the deal.
Industrial properties in Singapore are classified into B1 and B2:
B1 industrial space for rent includes offices linked to industrial facilities and is often leased to businesses in warehousing, utilities and telecommunication industries.
B2 industrial space for rent is catered to businesses in industries that handle heavier and bigger machinery, such as engineering, manufacturing, production, machine repair and construction.
Once you have a clearer idea of which industrial property class type your business falls under, you can proceed to source the right industrial space for rent by keeping some of these considerations in mind. Keep reading to find out more!
You will not be able to find B2 industrial space for rent near urban or residential areas as businesses that rent them deal with heavy machinery which produces more sound and pollution. Some of these spaces also have a set of restrictions in place and are subjected to specific uses only. While this can make it more challenging for you to find an industrial property with good accessibility, solutions like providing company transportation to and fro the nearest MRT station may be helpful.
If your business is able to rent B1 industrial spaces, then consider looking for an industrial property in a location that is easily reachable to benefit both your employees and the company. For instance,
Industrial properties in Singapore are usually quite spacious when compared to regular commercial spaces. This is to cater to businesses that require ample storage space and ground space for equipment.
While most people consider industrial space for rent as “the bigger, the better” to prevent a jam-packed area with unorganised shelves, it is also important to note that this can translate to higher rental costs as well. Thus, looking for an industrial space that is just right is essential - evaluate how much space your business truly needs by taking accurate measurements.
More needs to be considered when renting an industrial space as compared to an office space. Aside from the location and price, other nitty-gritty details like the layout of the space including the ceiling height and column spacing need to be taken into account too. These factors can affect how much large equipment and machinery can be manoeuvred on the property.
Other industrial property layout factors you need to keep in mind include the loading areas and parking spaces - check if there will be sufficient space for large vehicles to park and unload items.
Next, think about whether the industrial space for rent offers flexibility - can the area be easily expanded or converted to meet your company’s future needs?
Some landlords may not allow alterations or new additions to be made to the space and this can hinder your company in the long run, especially when you need to make changes to cater to the demand. For instance, you may wish to remove some things to install more racks for storage purposes but your landlord has strict rules regarding modifying existing fittings.
Hence, it is always advisable to check whether such flexibility can be allowed before making your final choice.
5.Age of the property
Lastly, do your research to find out the age of the industrial property you plan on renting. Older buildings may come with a lower price tag but could require repairs and maintenance that will add to the cost over time. Newer buildings, on the other hand, could be more expensive upfront but might help you save on repair costs in the long run.
Therefore, it is important to weigh the pros and cons of each industrial property before making a decision.
Check out industrial space for rent in Singapore
If you have no idea where to start your search for the perfect industrial property, consider checking out LHN Space Portal.
We have a range of B1 and B2 industrial spaces listed online for rent that will surely meet your business’s unique needs.
Our experienced real estate team is always ready to help and answer any questions too.