How much are you guys paying for rent?

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My current place is getting a little cramped. Thinking about getting a bigger shop. But there are very few available in my neck of the woods, and what is available, the prices seem nuts. Looking at about $1.00 per foot per month at the cheapest, $1.50 for something nicer. I don't understand how that could even work for a welding shop, unless you do a night shift and week ends. What are you guys paying?Ian TannerKawasaki KX450 and many other fine tools
Reply:At no time in life have I paid rent. Built my first on my parent's land at age 16. At 21, a neighbor (sort of a surrogate grandfather) said: "I guess if we want you to stay around you'll need a place to stay." He sold me a small lot. I later bought another adjacent lot.  Bought land my in laws put on the market. A couple years ago I bought my parent's home from siblings. Like Dr. Seuss's Onceler, I keep biggering.   I certainly understand the need to rent, I have always avoided it. I built my house myself at 23 mostly by liquidating a collection of classic cars, then a small loan.An optimist is usually wrong, and when the unexpected happens is unprepared. A pessimist is usually right, when wrong, is delighted, and well prepared.
Reply:What other people in the country are paying doesn't really matter if you're in a high rent area. But I was paying around $3k a month for 6000 sq ft up until I bought a building recently.  I was there probably for 7 years.You can go to loopnet.com to find out what properties around the country are going for. It's a commercial real estate listing site so it's searchable by location, property type, rent or lease, etc.
Reply:This is the main reason that I'm a mobile welder.
Reply:Buy a ranch or portable welding. Most costumers like having work done in there yard or shop the up side no rent.Dave Originally Posted by fortyonethirtyMy current place is getting a little cramped. Thinking about getting a bigger shop. But there are very few available in my neck of the woods, and what is available, the prices seem nuts. Looking at about $1.00 per foot per month at the cheapest, $1.50 for something nicer. I don't understand how that could even work for a welding shop, unless you do a night shift and week ends. What are you guys paying?
Reply:Originally Posted by fortyonethirty Looking at about $1.00 per foot per month at the cheapest, $1.50 for something nicer. I don't understand how that could even work for a welding shop, unless you do a night shift and week ends. What are you guys paying?
Reply:Only thing you can do is raise your rates, untill its doable or move elsewhere But if your having that problem all the other shops are to. start bumping your rates untill work actually slows down think you will be suprised At what the market will bear.Do not argue with an idiot. He will drag you down to his level and beat you with experience.
Reply:Originally Posted by idacalOnly thing you can do is raise your rates, untill its doable or move elsewhere But if your having that problem all the other shops are to. start bumping your rates untill work actually slows down think you will be suprised At what the market will bear.
Reply:I guess I'm lucky, I have nearly 6,000 square ft for $1500 per month... But I'm in the middle of nowhere. I rent from a farm that swallowed up a couple of other farms and this building is surplus to their needs. It helps that them and 3 others are  my best customers too. The owners do not hold anything over my head... They wait in line like everybody else. Purely a business deal.
Reply:Originally Posted by 12V71I guess I'm lucky, I have nearly 6,000 square ft for $1500 per month... But I'm in the middle of nowhere. I rent from a farm that swallowed up a couple of other farms and this building is surplus to their needs. It helps that them and 3 others are  my best customers too. The owners do not hold anything over my head... They wait in line like everybody else. Purely a business deal.
Reply:Originally Posted by Lis2323Wow pretty cherry situation!!Sent from my iPhone using Tapatalk