Industrial real estate includes property such as factory, warehousing, multi-use property combining factory, warehousing and office space, heavy manufacturing buildings, industrial parks, light manufacturing buildings, and research and development parks. While not the glamorous investment to drive past and point out, industrial has some positive investment qualities.
Longer-term leases are typical finding that industrial tenants have less client traffic and fewer turnovers. Industrial real estate can be less demanding to manage than other types of commercial property with potentially lower maintenance and fewer cosmetic demands.
It’s important to work with a broker who knows the market and the zoning laws well. Prior use of the property can impact using the property for other industrial purposes and could potentially prove expensive if clean up is required.