Do you know the positive aspects of renting a business space? In Thailand, you can have different options when it comes to expanding your business. You can either branch out to another location or consider establishing a warehouse to make products more accessible to remote locations.
How Renting More Space Boosts Your Income
If you are going to rent extra space, you can have the means to store more stock, helping you during peak seasons or sales periods. Another thing is that you can provide faster deliveries. So, having a warehouse closer to your customers will mean quicker dispatch and happier clients.
Aside from boosting your sales and repeat business, you can buy in larger quantities if you have more space that will also increase your profit margins. Thus, having a dedicated storage setup can improve order processing and reduce errors or delays.
Aligning with Your Business Goals
Renting a warehouse space in Thailand is a smart move indeed. However, it is only ideal if it aligns with your business goals and model.
- Lower Rental Costs
When you consider warehouse space in Thailand, it will offer affordable rental cost, particularly outside of Bangkok, if you are going to compare it to Western countries. Furthermore, it is a strategic location because it is a hub for Southeast Asia, especially if you are exporting or importing regionally.
- Growing Infrastructure
There are also industrial zones such as Chonburi, Rayong, or Samut Prakan. These are areas that have growing infrastructure and modern facilities with good logistics support.
- Workforce Availability
More importantly, you can take advantage of affordable labour, while there are lots of logistics companies that offer full-service solutions for your needs.
- Flexible Lease Terms
If you are going to settle in Thailand for your business venture, you can take advantage of flexible lease terms. Short- and medium-term rentals are available for you to choose from based on your needs, especially when testing the market.
Factors You Need to Consider
One of the important things you need to consider as a foreign investor is that you may need to register your business in Thailand. You may also partner with a Thai national in order to sign leases or run operations. Most of all, you have to note that contracts and local dealings often happen in Thai language. So hire a trusted local advisor to help you with that. Furthermore, you need to have a warehouse close to your supply chain or main customers. That is because traffic in Bangkok, for instance, can slow everything down.
You may consider renting a warehouse to be similar to renting an office or physical store. But it may vary in terms of purpose, setup, and costs. Note that if your business is product-based, then a warehouse is a practical choice. An office or storefront can be more favourable if you own a service-based or retail type of business.
We can help you choose a superior industrial warehouse for rent to suit your business. If you are looking for a factory for rent in Thailand, you can get in touch with us today. Give us a call or email us so we can discuss about the strategic location for your business to thrive.
