Industrial Property Representation
Industrial properties encompass a wide variety of property uses such as manufacturing, processing, research and development, storing and transporting. Warehousing is included in the industrial classifications and most have some office component in the building. Office/Warehouse properties are typically flexible, general-purpose buildings that can be adapted to a small-user's needs.
Industrial differs from other real estate types in the following ways: Height is a third significant dimension, utility is an overriding factor, Little concern for the "public".
Checklists for Industrial Purchases
If you are looking at purchasing or making improvements to industrial property, take a look a our checklists.
- Checklist for Industrial Property: Site Selection
- Checklist for Industrial Property: Improvements Considerations
Industrial is typically categorized by use:
- Heavy Industrial
Manufacturing properties comprise the heavy industrial segment. Auto making, textiles, steel, chemicals and food processing are typical uses of such properties. Typically zero to 5 percent office space.
- Light Industrial/Assembly
Production lines that assemble components produced elsewhere are based in light industrial/assembly facilities. Some light manufacturing requiring limited raw materials and physical changes to the materials also might be conducted in such facilities. Space devoted to offices usually is less than 10 percent.
- Warehouse Distribution Office
Generally the least intense industrial use, warehouse and distribution facilities often are located in the lowest-priced land in older parts of town or in suburban fringes. Typically, like light industrial/assembly property, office use is limited to management tasks for the distribution or warehouse facility, or about 15 percent of total space.
- Warehouse or Research & Development
Broadly defined to include wide variations in markets across the country. Research and development office/warehouse properties could have lab facilities, offices, warehouse facilities, or personal services such as carpentry or machine repair. Typically, each property allows a variable combination of office and other uses. The percentage of office space ranges from 20 percent to 100 percent, depending on the market and individual needs of the user. Research and development office facilities are generally used in high technology markets. In other markets, you will find office/warehouses of smaller size, with multiple tenants.
- Industrial Parks
Industrial parks are areas specifically designed and zoned for manufacturing and associated activities.