| Industrial Tips
Sometimes finding the right location is the
hardest task to accomplish. Luckily, Prudential Commercial Real
Estate offers access to view unlimited aerial locations to better
suit buyer and seller needs. The link below will help:
Industrial properties encompass a wide variety
of property uses such as manufacturing, processing, storing, transporting,
research and development. 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 third significant dimension.
- Utility
is overriding factor.
- Little
concern for the "public."
Industrial is typically categorized by use. Usually they are:
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 five
percent office space.
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Warehouse/Distribution
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.
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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.
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Office/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.
Use our convenient Industrial Property Checklist or our
Industrial Property Improvements Checklist
to help you evaluate industrial property.
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