News Sep 13 23

Discover the Factory for Lease with Good Infrastructure for Your Business

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Leasing a factory with top-notch infrastructure provides businesses with significant advantages. It allows for cost savings, keeps businesses up-to-date with technology, offers flexibility in equipment upgrades and end-of-lease options, and simplifies administration.

In this article, we will dive deep into each benefit in order to prove that, by choosing to lease instead of buying, businesses can stay competitive and cost-efficient, as well as point out some factors to consider when leasing a factory.

Advantages of choosing a factory for lease with good infrastructure

Access to state-of-the-art facilities with lower costs

Factory for lease with good infrastructure.
Most ready-built factories are equipped with modern equipment. Photo from Unsplash

Choosing a factory for lease with good infrastructure offers numerous advantages for businesses. Firstly, it allows businesses to have access to a well-equipped facility without the substantial upfront costs associated with purchasing a factory. This helps in conserving cash flow, as the funds that would have been used for buying a factory can be allocated to other important business operations.

Additionally, leasing a factory with good infrastructure helps hedge against equipment obsolescence. As technology rapidly advances, leasing a factory ensures that businesses can stay up-to-date with the latest equipment and technology without the burden of owning outdated machinery.

Provide strategic flexibility and scalability

Business owners are provided with more strategic flexibility when choosing a factory for lease with good infrastructure. With a lease agreement, businesses have the option to upgrade their equipment as needed, allowing them to adapt to changing industry demands and stay competitive.

Besides, the end-of-lease options are also flexible, giving businesses the freedom to either renew the lease, return the equipment, or negotiate a new agreement. This flexibility allows businesses to make decisions based on their specific needs and circumstances.

Factories with strategic locations provide seamless operations.
Factories with strategic locations provide seamless operations. Photo from Unsplash

Simplify the administration procedure

Another advantage of leasing a factory with good infrastructure is the simplified administration process. Unlike owning a factory, where businesses are responsible for maintenance, repairs, and other administrative tasks, leasing takes away these burdens. The leasing company is typically responsible for maintaining and servicing the equipment, allowing businesses to focus on their core operations.

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Key factors to consider when looking for a factory for rent

When looking for a factory for lease with good infrastructure, there are several key factors that need to be considered. 

Location

The first factor is the location of the factory. It is important to evaluate factors such as rent rates, taxes, and proximity to major roads and transportation hubs. This will impact the accessibility and competitiveness of the factory. Additionally, being close to suppliers, producers, and markets can reduce lead times and transportation costs.

Workforce

Another important factor to consider is the workforce’s availability, skills, and costs in the area. Evaluating the local demographics and understanding the labour market can help in determining the suitability of the location for the desired operations.

Security and legal issues

Next, it is essential to consider the safety and security of the area. Well-lit areas and security personnel can ensure the protection of the factory for rent and its assets.

Additionally, zoning laws should be taken into account. Understanding the zoning restrictions can help ensure that the factory operates within legal boundaries and avoids any unfortunate potential issues in the future.

Tips for leasing:

Remember that it is important to know the building owner and landlord. This will help in establishing a good working relationship and addressing any concerns or maintenance issues that may arise during the lease period. Plus, when the lease is coming to an end, they may suggest better leasing plans with ideal locations and a lower cost.

Maintaining a good relationship with the property manager will provide the company a more comfortable and effective collaboration.
Maintaining a good relationship with the property manager will provide the company with more comfortable and effective collaboration. Photo from Unsplash

By carefully evaluating these factors, businesses can find a suitable factory for rent that meets their needs and contributes to their overall effectiveness and profitability.

Finding a reputable real estate agent or leasing agency

Why should business owners find a leasing agent to help them lease factories?

When searching for a factory for lease with good infrastructure, it is important to have a reputable and experienced agent assist customers through the process, especially for foreign investors who first enter the Vietnamese market.

With their nationwide network of brokers and consultants, they can assist in finding the perfect location for your business. Plus, the well-established industrial and commercial real estate agent could offer a wide range of services, including consulting, demand analysis, rental planning, property finding, and legal assistance.

A simulation of CORE5 Hai Phong's landscape.
A simulation of CORE5 Hai Phong’s landscape. Illustration from CORE5

Discovering the leading factory for lease in Hai Phong with good quality with CORE5

The best time for leasing a high-quality factory is now since one of the most potential LEED-certified industrial building villages with the factory for lease in Hai Phong with good quality, CORE5 Hai Phong, has just been completed.

CORE5 Hai Phong, the modern, top-notch industrial park project in Northern Vietnam, will be launched in June 2023.
The factory for lease in Hai Phong with good quality, built by CORE5, has been open for booking since June 2023. Photo from Báo Công Thương

Interested in learning more about CORE5’s LEED-certified factories and why their newly built factories are the best options for your business plan? Click here to learn more.

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