Industrial Subtypes: Small Bay
Small bay industrial buildings provide spaces that are typically below 5,000 square feet to service local operations. Often called “contractor bays” typical tenants include contractors, mechanics, recreational uses, satellite operations, small business distribution, and hybrid retail/industrial businesses. These buildings can be in major industrial parks, retail corridors, and older parts of the urban core. Tenants […]
Industrial Subtypes: Distribution
Distribution facilities are the most in-demand type of industrial property. Fueled by e-commerce demand for logistics space, including last-mile distribution. The vast majority of new construction space is built for distribution tenants. These facilities are built with excellent highway access and are typically near major population centers. High clear heights and numerous loading docks are […]
Industrial Subtypes: Industrial Flex
Also known as office/warehouse, this product type consists of warehouse buildings with a higher percentage of office space. Flex product typically contains between fifteen and fifty percent office space. To support this office space, they are typically built with more parking than traditional warehouse buildings and inferior trucking infrastructure. Many buildings constructed in the 1970s […]
Industrial Subtypes: Industrial Outdoor Storage
Industrial Outdoor Storage (IOS) facilities may include low-density buildings; however, the primary value driver is the usable land itself. Truck parking, container storage, construction material laydown, and heavy industrial uses are the most common uses of IOS sites. Until recently, these low building density sites would generally be sold with plans to increase building size. […]