Industrial in the past few years has been heating up in popularity with small businesses because Industrial space offers a no-frills approach that can save money for the business and the consumer.
Many small businesses have learned from companies like Amazon. They have learned that they can produce goods and ship them directly to their customers while having lower real estate costs than prime retail spaces.
There are many things to consider when searching for Industrial space.
Here are a few of the main items to look out for
What is the power capacity to the space? Are there enough watts of power to the space to provide for your machines/equipment?
Another to consider is the build out of the space.
A lot of industrial spaces come without HVAC units or only come with heat and no AC. Many times the HVAC is left to the cost of the buyer or the tenant. Some spaces also have no restrooms.
Zoning and parking
These are other factors to consider for Industrial space. While Industrial rates are generally cheaper than retail or office, not just any type of business can locate in an industrial park. The parking spaces allotted for each space is about 1 space per thousand square feet of space vs retail parking is about 5 spaces per thousand square feet and office is typically about 3 parking spaces per thousand feet of space.
That means a busy restaurant will generally have a harder time getting approvals in industrial zoning because restaurants require heavy parking use. You may have to go through a special use permit or special exception to get a zoning variance for a non-conforming use. These permits are not guaranteed and can cost thousands of dollars to apply for.
For the right business type, Industrial space can be a great solution to reaching out to your customers directly while saving on costs.
Freedom Commercial can help buy sell or lease your Industrial space today.
