Every time a tenant leaves, it can feel a lot like starting over, especially if you own or manage a large warehouse. Landlords often find their space sitting empty because tenants would prefer something smaller, or at least an area that fits their business better.
Needless to say, businesses today are no longer looking for massive, open areas; instead, they need customized workplaces that specifically cater to their businesses. Whether that’s a storage area, controlled environment, or simple office space, adding custom modular walls to warehouses can help create commercial spaces that tenants actually need, cutting the time that properties sit empty.
In this article, we’ll discuss why multi-tenant warehouses have grown in popularity of late, and how custom modular walls can help.
Why Multi-Tenant Warehouses Are in High Demand
These days, rent is not cheap. So it’s no wonder why multi-tenant warehouses are becoming increasingly popular. They give businesses flexibility because they can occupy the exact space needed, while having the option to expand or downsize later if need be.
This flexibility has been especially appealing to startups and entrepreneurs. E-commerce and other new business models have driven much of the demand, as these types of companies need space for inventory and shipping.
For landlords, this is great news. By dividing warehouses into smaller areas, they can accommodate a bigger range of tenants, which also gives them some degree of flexibility. In many cases, it even allows them to charge higher rents per square foot.
If you’re considering dividing up your warehouse to add more tenant spaces, modular walls make it very easy to set up, and gives you the option to adjust the layout over time, so that you’re never locked into one format.
How Do Custom Modular Walls Work in Multi-Tenant Warehouses?
To meet this demand, many warehouse owners are turning to modular walls, because they are an easy way to partition space.
They allow you to section off spaces however you see fit, as well as the ability to change them as time goes on. You can expand your space, downsize it, and even move the walls to another location if you need to.
Also, because they can be customized, you are better able to accommodate the needs of tenants. For example, if a tenant needs a climate-controlled area, you can easily add insulation to make it work. The same goes for soundproofing, roll-up doors, custom colors, and other customizations that tenants may want or need.
Though modular walls are not foldable like accordion dividers, they can be easily disassembled and reassembled by a team. This gives the walls an added stability, and makes them semi-permanent. With modular, you can avoid the pain of dealing with long and drawn out on-site construction, while still keeping them permanent-looking.
The Benefits of Using Custom Modular Walls
So why are modular walls so beneficial for multi-tenant warehouses? Let’s boil down a few of their advantages.
1. Maximize Your Income
If you divide your warehouse into smaller units, you can rent to multiple tenants at the same time. Smaller spaces are often easier to rent out than larger ones, and tenants may be willing to pay extra for the ability to customize their area.
2. Flexibility
No two businesses are exactly the same. Some may need office space, while others might need storage areas. Custom modular walls let you create spaces for tenants’ exact needs, which make them even more appealing.
3. Lower Construction Costs
Traditional construction is expensive, in terms of both time and money. Modular walls are prefabricated, which means faster installation times, lower costs, and less stress. Plus, they’re reusable, so you save even more in the long run, giving your business a higher return on investment.
The Bottom Line
Custom modular walls are a simple, low cost way to turn your warehouse into a multi-tenant space. They allow you to organize, customize, and adjust your layouts, which in turn may attract a bigger range of tenants, reduce long vacancies, and of course, improve your overall return. If you want to keep your warehouse competitive and profitable, modular walls are the best way to section off your space.
Interested in sectioning off your space? Reach out to the experts at Allied Modular for a quote on customized modular walls.