Industrial Has Pizazz Too!
Let’s be honest, Industrial spaces do not have the appeal of retail or office spaces and to most their potential for positive investments returns cannot be easily visualized. But in today’s business environment industrial spaces are in high demand and changes in other business sectors (such as retail) have had knock on effects to the industrial sector.
Industrial spaces have multiple categories as they are designed to service different types of users.
They range from small Flexible or R&D properties to larger warehouse and distribution centers. Companies that rent industrial space may need a little bit of office space however a large portion of it will be warehouse space used for bulk storage, retail warehousing, manufacturing, distribution, light assembly, etc. Industrial spaces typically are equipped with unique features such as loading docks that can be grade level allowing vehicles to drive in or dock height which allows 18 wheelers or box trucks to back up in to deliver product.
As business needs change Commercial Property companies have seen a diversification in the requirements of industrial property end users. This has led to an increase in the types of industrial property types. The following are the most commonly used industrial property types:
1. Storage Facilities.
2. Distribution Warehouses
3. Heavy Manufacturing Warehouses
4. Light Industrial Warehouses
Industrial properties can be used to distribute goods, manufacture products and general storage. However, the use of the four main types of industrial properties go beyond the uses listed above. In the modern, changing economy, Industrial properties are also used for Research and Development (R&D), Biotechnology and as Data Centers. Industrial properties are typically found near transportation areas like airports and shipping ports so offer the amenities desired to industry large and small.