Benefits of Long-Term Leases for Warehouse Tenants and Owners in Canada
If you are a warehouse tenant or owner in Canada, you may be debating between signing a short-term lease through a 3PL (Third-Party Logistics) provider or opting for a longer-term commitment. While both options have their advantages and disadvantages, a long-term lease agreement is often the better option in the long run for the following reasons.
Stability & Peace of Mind
Long-term leases offer businesses stability that short-term leases cannot match. Locking into an extended contract guarantees a designated space at a fixed fee, ultimately providing peace of mind for business owners who value consistency.
While it may seem daunting at first glance to commit to multiple years in one location, long-term leasing contracts help mitigate otherwise frequent rent increases that come with annual renewals - thus saving tens of thousands if not more each year.
Extra Control Over Warehousing Space
With a long-term lease, tenants have more flexibility and freedom to alter the layout and implement improvements that can enhance the operations within the facility without requiring extra fees or a new 3PL warehousing partner.
As a business owner, it’s always important to be aware of your options. In most cases, a long-term lease agreement can deliver better long-term value and improve your overall logistics operations.
At Canadian Warehousing Logistics Affiliated, our team is always available to answer any inquiries regarding warehousing solutions anywhere across Vancouver. Whether you require long-or-short term, cold storage needs, or extra value-adds, we can connect you with an exceptional warehouse. Contact us today to discover your options.
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