Eight Varieties of Industrial Real Estate
Any company that needs industrial warehouse space will have a significant challenge in trying to find it. It’s critical that you pick a site for your business’s activities that’s the right size. Find out what kind of industrial real estate property will work best for your company if you want to calculate how much space you will want for your manufacturing operation. This step is necessary for figuring out how much space you will need.
What you need to know?
Office, retail, multi-family (apartments), hotels, land, specialty use, and industrial are the specific sub-categories that fall under the umbrella of commercial real estate. This article’s goals are to provide a comprehensive overview of the industrial sector of CRE like Atlantic Canada commercial real estate and give the reader a fundamental grasp of the potential benefits of integrating Industrial real estate into their investment portfolio.
Heavy Industry Manufacturing
Large and expensively equipped, these factories create a vast range of goods, products, and materials using sophisticated technology and equipment. Heavy manufacturing facilities often require tens of thousands of square feet or even hundreds of thousands of square feet for production, in addition to a reliable source of electricity and loading docks.
Light Industry Manufacturing
Light assembly properties are significantly less extensive and more straightforward than heavy manufacturing. Light manufacturing firms like Fredericton commercial real estate specialize in producing smaller parts that are then stored and distributed using equipment that is more lightweight and portable and can be modified to accommodate new tenants.
Distribution warehouses send goods from a central location most of the time to ensure that customers receive their items in a timely and effective manner regardless of where they are physically located. These warehouses like commercial real estate in Saint John typically have one story and more than 50,000 square feet of space and are used for storing and distributing products for businesses.
The primary function of general warehouses is to serve as storage facilities rather than distribution hubs. Since products aren’t continuously moving in and out of general warehouses, that type typically has a lower door to square footage ratio. Cold storage is one of the typical industrial applications for their utilization, although there are many others.
Because they are intended to provide tenants with flexibility in how the available square footage of the property is utilized, flex storage buildings are suitable for a diverse range of applications. They have lower ceilings than most industrial properties and consist of at least thirty percent office space, with the remaining square footage being devoted to storage space.
Showrooms are a type of multi-purpose facility that can be used for displaying products, as well as for offices and storage. In most cases, a minimum of half of the floor space in a showroom is designated for displaying and selling various goods. The automobile dealership is the most typical example of a showroom.
Research and Development
To accommodate businesses that rely on technological advancements, “research and development” facilities sometimes incorporate office, manufacturing, and storage space. This real estate category is typically located in a business park that resembles a campus and provides sufficient parking space.
The term “data center” refers to a highly specialized type of industrial structure that provides power to a large number of computer servers as well as telecom switching equipment. These data centers are responsible for maintaining online connectivity and making cloud storage services available to significant businesses. The typical size of a data center is approximately 100,000 square feet, but it can be much more significant.