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9 things to consider when renting a warehouse for rent in HaiPhong

May 08, 2024 02:59 AM

Hai Phong stands as a pivotal economic city in the North, boasting a favorable geographical position for both domestic and international trade. Consequently, there is a growing demand for warehouse for rent in HaiPhong, particularly from manufacturing, import-export, distribution, and logistics enterprises. However, to secure a warehouse that aligns with their requirements and budget, businesses […]

Hai Phong stands as a pivotal economic city in the North, boasting a favorable geographical position for both domestic and international trade. Consequently, there is a growing demand for warehouse for rent in HaiPhong, particularly from manufacturing, import-export, distribution, and logistics enterprises. However, to secure a warehouse that aligns with their requirements and budget, businesses should consider a few crucial factors.

1. Warehouse location

Location is one of the most important factor when choosing a warehouse for rent in HaiPhong

Location is one of the most important factor when choosing a warehouse for rent in HaiPhong

The warehouse’s location is a paramount consideration when choosing a warehouse for rent in HaiPhong. Ideally, warehouses near Hai Phong seaport and major industrial parks like VSIP Hai Phong, Dinh Vu – Cat Hai Industrial Park, or Trang Due high-tech park are crucial, especially for businesses engaged in import and export. Proximity to these locations streamlines the transportation of goods between the port and the warehouse.

Moreover, selecting a warehouse near the city center and major thoroughfares such as the Hanoi – Hai Phong Highway, National Highway 5, and National Highway 10 enhances the convenience of delivering goods to other provinces and cities.

Security is another crucial aspect, necessitating the choice of areas with low crime rates and avoiding complex regions. Installing a 24/7 surveillance camera system, alarm system, and employing professional security personnel contribute to ensuring maximum security for warehouse goods.

Lastly, investing time in thorough research on the socio-economic development plan and urban planning of Hai Phong city for the next 5-10 years is essential. Understanding whether the warehouse’s surrounding area is slated for urban development, industrial parks, residential zones, or commercial and service areas is crucial. Predicting and selecting warehouse locations with potential development not only enables businesses to proactively expand but also prevents the need for costly relocations later on.

>>> See more: The growing demand for logistics real estate in Vietnam

2. Size and design

Warehouse size and design must suit business needs

Warehouse size and design must suit business needs

The size and design of a warehouse play a pivotal role, directly impacting operational efficiency. Concerning size, businesses must select a warehouse area that aligns with their specific needs. Factors to consider include the volume and types of goods to be stored, forecasting business growth to estimate potential future expansion, and calculating the required storage and loading area. Overcrowded warehouses can limit operations, while excessive space results in inefficiency.

Warehouse design is equally crucial for businesses. A well-thought-out layout optimizes space, pathways, and storage areas for maximum convenience. Incorporating natural lighting and ventilation systems ensures safe and comfortable working conditions. Additionally, amenities like broad warehouse doors and a robust shelving system contribute significantly to operational convenience.

3. Infrastructure and utilities

According to statistics from the Vietnam Real Estate Association, the presence of surrounding amenities significantly influences businesses’ decisions to rent warehouses. Approximately 73% of businesses opt to rent warehouses near areas with comprehensive amenities such as restaurants, hotels, banks, post offices, and shopping centers.

This preference is driven by the substantial support these utilities provide to daily business operations. For instance, restaurants and hotels offer accommodations and meals for employees working away from home. Banks and post offices facilitate financial transactions and the sending and receiving of goods. Commercial centers aid in procuring materials and equipment for production and business.

Hence, when selecting a warehouse for rent in Haiphong, businesses should prioritize areas with fully equipped utility systems to provide maximum support for daily operations, resulting in significant time and travel cost savings.

4. Transportation and traffic

Enterprises should opt for warehouses situated near convenient transportation routes and with well-developed public transportation systems, as this would be more advantageous for the transportation and delivery of their goods. Ideally, the warehouse should be within a radius of 5-10 km from seaports, major railway stations, and the main national and provincial highways in Hai Phong City, ensuring convenient movement of goods by road and rail in the shortest time possible.

Consideration should also be given to traffic density around the warehouse. If the warehouse is located on a frequently congested road, it may pose challenges for smooth inbound and outbound goods movement. Conversely, choosing a location with open and less congested roads will facilitate quicker circulation.

Therefore, the proximity of the warehouse to convenient and less congested traffic routes is crucial, offering significant benefits for the transportation activities of the business. This factor should be accorded top priority in the decision-making process.

5. Security measures

Security measures are of paramount importance for the efficient operation of a warehouse, guaranteeing absolute safety for goods and assets. It is imperative for the warehouse to be outfitted with a high-resolution surveillance camera system, capable of recording all activities round the clock. Intrusion sensors and sirens should be in place to promptly detect any cases of theft. Additionally, security guards should possess personal identification cards and work in shifts to ensure continuous warehouse security.

Fire prevention measures: The fire protection system also demands careful consideration. This factor is indispensable, ensuring that the warehouse is fully equipped with fire prevention measures, including emergency exits, fire extinguishers, and fire alarm systems, to ensure the safety of goods and the well-being of employees working in the warehouse.

6. Conditions and rental process

Be sure to pay close attention to the rental conditions and procedures

Be sure to pay close attention to the rental conditions and procedures

Renting a warehouse involves terms and processes that require careful examination as they directly impact the rights and responsibilities of each party.

Businesses should initially request comprehensive details from the landlord, including information on lease duration, rental costs, payment methods, additional services, maintenance expenses, etc. To prevent misunderstandings, the rental agreement should encompass all relevant information in clear and concise language.

Simultaneously, it is crucial to delineate the roles and responsibilities of each party, the conditions under which the lease can be terminated, and the procedures for resolving issues should they arise.

The warehouse rental contract must be fully notarized and registered with the competent authority to ensure high legality for both the lessor and the lessee. Establishing clarity regarding the conditions and the warehouse rental process from the outset will facilitate a smooth rental process, averting potential issues later on.

7. Ready-built warehouse rental price

The rental cost of a ready-built warehouse is a factor that directly impacts a business’s operating expenses. Businesses should carefully evaluate and select a warehouse with a rental price aligned with their budget and business objectives. Comparing the rental prices of other warehouses in the same Hai Phong area and with similar standards can help determine a reasonable price. Additionally, businesses should take into account factors influencing warehouse rental prices, including location, size, design, infrastructure, utilities, security measures, conditions, and the rental process. This comprehensive assessment provides an overview of the warehouse’s value.

8. Maintenance and support services

Maintenance and support services are important factors to consider

Maintenance and support services are important factors to consider

The operational excellence of a company is influenced by various factors, including maintenance and support services. It is advisable to choose a warehouse that provides high-quality and professional maintenance and support services. These services should encompass tasks such as repairing or replacing damaged equipment, regular maintenance and cleaning of the warehouse, provision of tools and equipment for goods storage, as well as offering guidance and troubleshooting for any operational issues related to the warehouse. In case of problems, the lessee should request details about the contact person responsible for maintenance and support services from the warehouse owner. Regular inspections and assessments of the warehouse’s maintenance and support services are essential to ensure that companies receive the best possible assistance.

9. Flexibility and scalability

Flexibility and scalability are crucial factors that impact the future growth of businesses. It is advisable to select a warehouse with high flexibility and scalability, which includes the following features: the ability to make changes in the warehouse’s area, design, infrastructure, and utilities according to the business’s needs; easy extension, termination, or transfer of warehouse lease contracts; and the option to combine other services such as transportation, delivery, loading and unloading, inventory, packaging, etc., to create added value for your enterprise’s operations.

>>> See more: 10 important factors to consider when selecting warehouses in Vietnam

Warehouse for rent in HaiPhong from Gaw NP Industrial – The right choice for businesses

GNP Nam Dinh Vu Industrial Center achieved EDGE certification

GNP Nam Dinh Vu Industrial Center achieved EDGE certification

To address the demand for high-end industrial real estate, particularly warehouses for rent in Haiphong, GAW NP Industrial has introduced the ESG-certified GNP Nam Dinh Vu Industrial Center. This project seamlessly integrates factories and warehouses for rent in the Dinh Vu – Cat Hai area.

Strategically positioned in the Dinh Vu – Cat Hai region, in proximity to the Dinh Vu seaport and the Tan Vu – Lach Huyen bridge, the project ensures convenience for import and export activities. Additionally, it enjoys excellent transportation connectivity being near the Hanoi – Hai Phong highway and Cat Bi international airport, facilitating easy links to other provinces and cities across the nation.

Covering a total area of 16.9 hectares, the GNP Nam Dinh Vu Industrial Center is designed in accordance with international standards. It boasts essential amenities like a three-phase power system, fire protection facilities, wastewater treatment infrastructure, 24/7 security, and professional management and after-sales service. The project offers flexible areas for rent, catering to diverse industries such as manufacturing, supply, e-commerce, logistics and more.

GNP Nam Dinh Vu Industrial Center has a favorable strategic location

GNP Nam Dinh Vu Industrial Center has a favorable strategic location

GAW NP Industrial’s warehouse for rent in HaiPhong is an ideal option for businesses requiring storage facilities in the northern region. It provides a cost-effective solution that enhances operational efficiency for enterprises.

Conclusion

The process of warehouse for rent in Haiphong demands careful consideration and comprehensive information. Focusing on factors such as location, size, infrastructure, security, rental procedures, and flexibility will ensure tenant satisfaction and peace of mind throughout the business process. This approach also yields long-term benefits and enhances overall performance for businesses.

>>> See more: 10 essential tips for choosing a warehouse space for lease in Vietnam

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