Industrial real estate is a booming sector of the commercial real estate market. With the rise of e-commerce, the need for warehouses and other industrial properties has grown exponentially. For investors and businesses looking to purchase or lease industrial real estate, it’s important to understand the different types of properties available and the factors to consider when making a decision.
Types of Industrial Real Estate
Industrial real estate can be divided into two main categories: manufacturing and distribution. Manufacturing properties are used for the production of goods, while distribution properties are used for the storage and transportation of goods. Within these two categories, there are several different types of industrial properties, including warehouses, factories, and distribution centers.
Location is one of the most important factors to consider when looking for industrial real estate. The property should be located in an area that is easily accessible to customers, suppliers, and employees. It should also be close to major transportation hubs, such as airports and highways. Additionally, the property should be in an area that is zoned for industrial use.
The size of the property is also an important factor to consider. The size of the property should be based on the needs of the business. For example, a manufacturing business may need a larger property than a distribution business. Additionally, the size of the property should be based on the size of the business’s workforce and the amount of equipment that will be stored on the property.
When looking for industrial real estate, it’s important to consider the amenities that are available. The property should have adequate parking, loading docks, and other necessary amenities. Additionally, the property should have the necessary utilities, such as electricity, water, and sewer.
The cost of industrial real estate is another important factor to consider. The cost of the property should be based on the size, location, and amenities of the property. Additionally, the cost should be based on the current market conditions.
Finding the Right Property
Finding the right industrial real estate property can be a daunting task. It’s important to do research and understand the different types of properties available. Additionally, it’s important to consider the location, size, amenities, and cost of the property. With the right research and knowledge, investors and businesses can find the perfect industrial real estate property for their needs.