What is industrial space? Are there different types of industrial space? We answer those questions in today’s article, brought to you by Box Office Warehouse Suites, a new way of looking at commercial property for lease and industrial property for rent. Call us at 817-439-3224 for more information.
What is industrial space?
Industrial space is defined as any property used for the manufacture, distribution, assemblage, development, research, production, or storage of goods. This is completely different from most commercial spaces, which is space used for the sale of goods and service.
Different types of industrial property for lease or purchase.
With the above as a definition, let’s take a quick look at the various types of industrial space available:
- Heavy manufacturing
- Light manufacturing
- Warehouse and distribution
- Cold storage
- Flex space
- Showrooms
- Data centers
- Research and development
If looking for industrial space to rent, one would look for listings for warehouse for rent, garage for rent, office warehouse for rent, shop for rent, flex space for rent, or other variations on those themes.
What works for you and where to find it.
Some key factors that influence industrial space rent include:
- Location: Properties in prime industrial areas with high demand or proximity to key transportation routes tend to have higher rental rates.
- Size and Configuration: Larger industrial spaces or those with special features, such as high ceilings or loading docks, may command higher rents.
- Market Conditions: The overall supply and demand dynamics of the local industrial real estate market can impact rental rates. In competitive markets with low vacancy rates, rental rates may increase.
- Lease Terms: The length of the lease, escalation clauses, tenant improvements, and other lease terms can also affect the rental rate.
It is essential for investors and businesses to analyze the rental rates for industrial spaces in their target locations and compare them to the potential revenue generated by their operations to ensure financial viability.
A final word of advice: In the end, the final choice will be yours. What “feels right” for you may not feel right for someone else and may, in fact, buck the traditional and wise choice. You are the owner of your company, and you need to feel comfortable with your decision. A good real estate broker will understand that and, instead of force-feeding you wave after wave of rando properties to consider, will work with you to gain an understanding of your unique desires.
A final word about Box Office Warehouse Suites.
Box Office Warehouse Suites is not like traditional business parks. In fact, it is light years away from traditional. Each unit is 320 square feet in size. Each unit is made from a recycled shipping container. There are units with lofts and balconies. There are units with patios. There are electric car charging stations and the largest collection of street art/graffiti art in all of Fort Worth. This is a community rather than a business park, a place where “think outside the box” is not just a catchy phrase but a reality.
Put another way, if you like funk you’ll love Box Office Warehouse Suites.
Call us today and come take a look at your future.
