A cursory check of industrial real estate sales prices in Florida is both enlightening and shocking. A "strategically located" 57,000-square-foot manufacturing facility in Hialeah is listed at $6,200,000, or around $109.00 per square foot. A 42,800-square-foot warehouse in Pompano Beach had an asking price of $7,800,000, over $182 per square foot. And a 20,900-square-foot industrial building in Miami was listed for $3,290,000, or approximately $158 per square foot.
Leasing rates on industrial manufacturing and warehouse space depend on the area's location and size and can range from just under $1.00 per square foot per month to nearly $3.00. That translates into a $5,000 to $15,000 per month lease payment for 5,000 square feet of industrial space.
What's the point of revealing these eye-opening figures? It's merely a simple reminder that industrial real estate in Florida (and anywhere else for that matter) is costly and must be used wisely and efficiently. And a vertical automated storage and retrieval system is one way to save on both.
Vertical storage solutions are an excellent way to make the most of every precious (and costly) inch of warehouse and factory space. When you build your storage vertically, you have various options, including installing it through multiple floors. And when you do that, you are freeing up floor space that you can use productively and profitably.
The list of businesses and industries that have adopted vertical storage and retrieval systems is already long and growing continually:
Vertical storage solutions are also ideal for the aerospace, food and beverage, sheet metal, and electronics industries, to name a few.
Optimize your warehouse from the ground up
Make Kardex Storage Systems your strategic partner in solving your material storage challenges. One or more of our solutions will help you save floor space and increase productivity among your workers. Contact us to discover how!