Different Types Of Industrial Real Estate Properties
In general, great industrial real estate properties are used for commercial purposes. From office spaces to manufacturing plants, there are different types of industrial real estate. Unlike residential properties, this industry promises many exciting benefits as well as unforeseen risks.
The foundation of risk mitigation is knowledge. And this knowledge starts with understanding the different types of industrial real estate properties.
Heavy Manufacturing
These are giant plants making heavy-duty materials and goods. They need hundreds of thousands of square feet in usable space. They also need plenty for logistics and distribution. Since the machinery is customized to end-user preferences, the space may have to be renovated to support heavy manufacturing plants.
Assembly
These spaces are a lot smaller than heavy manufacturing lots. The reason is that these spaces are used to assemble manufactured parts and ship them off for the consumer market. Because of this factor, owners can easily reconfigure the property to suit the needs of different clients.
Distribution
The size of distribution areas varies drastically. In general, these facilities are about 20% of traditional office spaces. Especially for distribution warehouses, they need to have a storage lot in an easily accessible location, preferably near a shipyard or airport. There are many custom-built warehouses available on the market as well.
Datacenter
These are the spaces where companies can hold their equipment and keep things running. Data centers also make cloud storage a possible option for safe and faster data transfer. These data centers average about 100,000 square feet depending on the requirements. Many companies also choose to hire third-party data centers.
Showrooms
These are spaces devoted to office or warehouse purposes. Showrooms are used to show products and sell them. The most familiar example would be an automobile showroom. Several other types of businesses will also use showrooms.
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