Why Pay Rent When You Can Own???
Depending on where you live in the United States the average rent that you will pay for an industrial space can vary dramatically. However, the overall average throughout the country, as of the 1st quarter of 2018 for warehouse and distribution space was $5.5 per sq. foot. The average for manufacturing was $5.59 per sq. foot. And the average for special purpose buildings was $6.59 per sq. ft. These numbers are expected to go up over the next 2 years, as the vacancy rate for industrial rentals is incredibly low at 4.6%. And this vacancy number is expected to go even lower if the economy stays on track. What this means for the average business owner is that they can expect an increase, or at the very least a stay of their monthly rent. Not to mention that many rental property owners will no longer be indulging their tenants in their requests, as they can easily find someone to lease the space.
Owning Is More Beneficial Than Renting…
If you look at the average cost of warehouse and distribution space that means that you can expect to spend around $13,200 a month for rent on a 2400 sq. ft. steel building or metal building. Once again that number will vary dramatically throughout the country. In Miami for instance a 2400 sq. ft. warehouse location will only cost you abut $3,600 a month. But in Northern California that same building can cost around $21,000 a month. Considering that the average price for the shell structure of 2400 sq. ft. prefab metal buildings cost around $45,000 to $50,000, including construction, you can see why many people are opting to purchase rather than rent.
Stop Renting and Start Owning
If we look at the lower end for renting a 2400 sq. ft. building, which is $3600 in Miami, you will quickly see that using metal building kits in order to construct prefab metal buildings will pay for themselves in about 14 months. Now it is true that you will have to purchase the land. And you will have to design the interior of your building, but when looking at the actual structure of the building, using metal building kits means you can get your investment back rather quickly. Not to mention that with prefab metal buildings you will actually own the building. This means that at some point in the future, if you decide that you want to sell your business, you will have a physical building that you can either rent or sell outright. This is something that is not possible if you continue to rent throughout the years.
It is understandable to be a little apprehensive about owning prefab metal buildings, as this means that you will be responsible for a number of things that you would not have to deal with when leasing or renting. However, due to the way that the metal building kits are manufactured the upkeep on the buildings is rather inexpensive. And you are able to expand at any time that you see fit. If you come to a point in your business and realize that you need more office space, this can be accommodated. If you realize the opposite, and need to convert office space into warehouse space, this can be done as well. There is truly no limit to what can be done with prefab metal buildings or metal building kits.
Purchase A Metal Building Kits Today
Our goal at Titan Steel Structures is to give you the easiest building solutions without compromising quality, so if you are in the interested in learning more about the benefits of a metal building kits or prefab metal buildings then give us a call today at 1-855-964-4030, or request a free quote online. Titan Steel Structures’ expert and knowledgeable staff are available Monday thru Friday from 9:00am to 6:00pm. We’re here to serve and guide you through the building selection process.