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.
Conserve expensive real estate by taking advantage of vertical storage
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.
Products such as Vertical Lift Modules (VLM), Vertical Buffer Modules (VBM), and Vertical Carousels can save floor space by up to 85 percent in some cases. You can add to that the many other benefits, which include maximized storage capacity, increased productivity, improved picking accuracy, and reduced labor costs. So, it’s easy to see why these storage systems are gaining popularity, especially among business owners in areas where floor space costs upwards of $150 per square foot.
Which industries employ vertical storage systems?
The list of businesses and industries that have adopted vertical storage and retrieval systems is already long and growing continually:
- Manufacturing: Reducing their parts and raw materials storage footprint with a vertical storage solution allows manufacturers to allocate more space for production machinery.
- Automotive: Vertical auto parts and tire carousels save automotive floor space, giving more area for repair and service bays.
- Hospitals: Hospitals have begun placing unused beds in vertical storage systems.
- Warehouses: Workers can safely and quickly access warehouse inventory from a space-saving vertical storage system.
- Retail stores: Retail stores typically require quick access to their inventory. And with vertical systems and custom racks, almost any type of product is a candidate for storage. Increased storage capacity, less floor space, and fast retrieval are the primary advantages for retailers.
- Distribution centers: User-friendly access systems allow distribution centers to store more goods and get them into the supply chain faster.
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!