Do you own an e-commerce business but are worried about managing your stock? Many business owners face this issue as a startup because of the high land prices. But what should they do to handle their inventory? Purchasing the land and building a warehouse is way too costly for a startup. Therefore, warehouse space for rent is the ideal solution for small businesses that want to offer faster deliveries.
In this blog, we will discuss how renting an e-commerce warehouse space helps manage your orders and customer complaints. Moreover, how can you choose a small warehouse space for rent in Connecticut?
Why Does A Warehouse Space For Rent Matter?
According to the PwC report, customers want to get their order to their doorstep within one day of ordering. But how is this possible for the businesses located hundreds of miles away? Renting a warehouse space to store your inventory is the only solution for now.
You can store your products there for a longer time and restock them when needed. Many business owners do so to provide faster delivery and customer satisfaction.
A report by CBRE in 2023 reveals that rentals have observed a 20% rise in the demand for warehouse space for rent. E-commerce businesses rent spaces in nearly every city to satisfy the fast delivery demand for their customers.
So, here’s why you should consider renting a warehouse space as a startup:
1. Can’t Afford to Buy a Property
Have you just started your business and are on a tight budget due to purchasing stock? Then, renting a warehouse space is an affordable option for you as a startup. Because it saves you money on materials and hiring laborers. You can use that money to enhance your e-commerce business at your rented space.
Moreover, you can also change your location later if it doesn’t suit your business needs. Whereas if you build a warehouse from scratch, it is not only expensive but also takes a lot of time. So, a rented warehouse is the best space to meet your fast delivery and inventory needs.
2. Get Organized Storage Space
Are you stocking your products at home and in the garage? Many startup owners panic due to high inventory stock during spike seasons. So, they only purchase items that are more likely to sell but it often turns into a logistical nightmare.
A report from NetSuite reveals that almost 34% of startups deliver their products late because of limited inventory and storage space. They purchase items only when someone places an order, so it takes a lot of time to deliver them.
But warehouse rental space allows you to stock a large inventory in racks and shelves safely. There’s no need to worry about extra storage because 25 Van Zant St provides rental units with an expansion option. So, you can expand your warehouse according to your stock and business demands.
3. Track Your Inventory Smoothly
What if a customer asks you for an urgent delivery, but you can’t find your product in the mess all around your home? A survey reveals that 70% of customers never purchased a product again from the retailer who delayed their delivery.
A warehouse for rent offers you complete racks and shelf facilities to track your inventory. You can keep a record of your products by using barcode and SKU tracking systems. Moreover, you can also set up tracking software that drops you a notification about the number of products left and sold in a day.
4. Faster Delivery Without Extra Work
Customers don’t want to wait for days for even a single order. They want their order the same day or the next day at their doorstep. But how can you manage the packaging and shipping of the product in a day while sitting at home?
A survey by Deloitte reveals that 56% of customers are likely to purchase again if a retailer offers them fast delivery. Because it not only boosts their trust in the brand but also satisfies their needs. So, make sure to rent a workspace near your target audience for smooth and efficient delivery service.
5. Security and Safety
What if something goes wrong at home, and you lose all of your stock? As a startup, facing a loss means less revenue and growth. Are you thinking about home insurance to recover your commercial loss? Then, read the terms again, commercial losses are not covered under home insurance, and this loss is huge.
So, rent a warehouse space on lease terms for enhanced safety and security facilities. You can install CCTv, fire alarm, and extinguishers for unseen situations. Moreover, you can also hire a team with a bodyguard in your warehouse, which is inappropriate in a home setting.
6. Scale Without Chaos
Do you receive hundreds of orders on weekends and special occasions, as every business does? Then, there’s no need to stock all the products at your home. Rent a space and handle all the shipping and packaging there.
Statista predicts a rise in global sales of e-commerce to nearly $8.1 trillion by 2026. So, renting a separate space can help you grow and succeed more. You can also add more products to your listing without storage problems.
7. Flexible and Professional Space
For startups, renting a warehouse space is an ideal solution because it cuts down on the extra costs. You get a professional space located near a train station for loading and unloading your inventory. Furthermore, purchasing such property in a premium location costs you a lot.
Whereas workers can work at any time without invading your privacy in a rented warehouse. It looks more professional and leaves a great impact on your clients and investors as well.
8. Zoning Laws or HOA Rules
You are operating your e-commerce business from home, but what if it violates zoning laws and becomes a headache for you? Some local HOAs don’t allow noisy work with frequent truck visits in home areas. It can lead to a high penalty or fines, which can be a problem for you as a startup.
Therefore, a warehouse is a safe and professional place to manage your supply chain. You can rent many warehouse spaces in Connecticut in different areas to enhance your delivery service.
Final Thoughts
A warehouse space for rent allows you to relocate when needed. It’s a budget-friendly option for startups to rent a warehouse near their targeted audience.
A professional and clean storage space works best for storing inventory, impressing investors, and keeping a record of them. You can also use integrated software to track the number of products available and sold out.
25 Van Zant St offers warehouse, restaurant, and all types of commercial, industrial, and business rental spaces in Connecticut. We provide you with an open floor that you can customize by adding extra shelves, racks, and loading equipment. So, contact 25 Van Zant St today to rent a warehouse space near the train station.
FAQs
Q. How much warehouse space does an e-commerce startup need?
You can rent a space of almost 10,000 to 25,000 square feet for your startup to stock your inventory and handle packaging.
Q. Can I use rented warehouse space for order fulfillment?
Yes, you can process orders, stock, and manage your inventory smoothly at your rented warehouse space.
Q. What should I look for when choosing warehouse space for rent?
Consider the size, location, and included amenities before choosing a space.