Tips for Negotiating a Warehouse Lease Agreement in Vancouver

The cost of your warehousing lease will directly impact your bottom line. Therefore, it is not only important to seek multiple quotes, but it is also imperative to understand how to negotiate business-friendly terms for a warehousing lease. 

Unfortunately, this is easier said than done, as many business owners are unsure how to navigate the process. If you are trying to negotiate a friendly rate with a 3PL warehousing provider, follow these tips during the negotiation.

Do Your Research

If you go into the negotiation without knowing anything about the market rates, cost of land, or services provided, you are putting yourself at a serious disadvantage. Before you enter the negotiation process, you should already have an accurate price range for nearby warehouses and an idea of how much you want to spend.

Shop Around

As a buyer, you can gain leverage by having multiple options. Whether you are in the market for a home, car, or warehousing space, it is essential to shop around and get as many options as possible. Even after you have received the initial quote, it is a good idea to see if you can negotiate further.

Partner With the CIREA

Researching and contacting individual warehouses is time-consuming and can drain your resources and slow down other essential operations. To streamline the process and to find a great rate on Vancouver warehouse space, work with the CIREA today. 

Canadian Industrial Real Estate Affiliated works with established warehouses in Vancouver and across Canada. Our mission is to connect businesses with warehousing solutions.

The Canadian Industrial Real Estate Affiliation (CIREA) is an affiliation containing accredited warehouse owners in key Canadian cities such as Vancouver, Toronto, and Montreal. Our affiliation connects warehouse owners looking to sell or lease their property, with businesses in need of Canadian warehousing space.