March 22, 2018

Practical Uses for Industrial Space

Leasing or buying industrial space is a practical option for businesses looking to set themselves up in a physical location without having to construct a commercial building from the ground up. Why pay to purchase a plot of land and construct something when you can lease or purchase an existing property that is undervalued? This mindset definitely makes sense for a lot of business owners.

In today’s industrial real estate marketplace, there tends to be quite a few industrial buildings for rent that can provide great opportunities for you and your business. The trick is determining how to get the most out of the space and while also covering all bases for your business needs.

Below, we will discuss a few of the practical uses for industrial space that you can apply to your own business purposes.

Industrial Warehouses

One of the most common uses of industrial space for rent is using the property as a warehouse or distribution center. If your business involves creating, shipping, and transporting lots of goods, materials, and physical products, you will most certainly require a distribution warehouse space or storage facility to house them all. Choosing a great location that allows the goods to be easily transported is also key. Industrial spaces are ideal for warehouses.

Manufacturing Facilities

Industrial spaces are usually quite large, making them perfect for setting up a place to manufacture goods. If your business demands lots of space to house large machinery and physical materials, seeking out industrial space is an excellent idea. Additionally, these spaces tend to be ideal for shipping the finished products out after they are manufactured because they often contain large garages and transport bays.

Office Spaces

Sure, industrial spaces don’t have the fancy amenities and luxuries that commercial office spaces typically provide, but using industrial property as an office can save you tons of money. It’s fairly easy to convert an industrial space into a creative office space for your business. These spaces provide lots of opportunity for customization as well. You can have the space function as both a warehouse and an office to get the maximum value from your lease or purchase.

Creative Opportunities

Perhaps the best thing about industrial space is the versatility that they provide. There have been spaces repurposed for residential use, middle schools, sports complexes, and art museums. The possibilities are nearly endless. With a creative mindset, you can transform an industrial property from an empty warehouse into a practical and low-cost, revenue-generating powerhouse.

Frequently Asked Questions

What factors should I consider when choosing an industrial space?

When choosing an industrial space, consider the location’s proximity to suppliers, customers, and transportation routes. Evaluate the size, layout, and available infrastructure including utilities and internet connectivity. You’ll want to factor in costs beyond rent or purchase price, including property taxes, maintenance, and insurance. Lastly, think about the potential for future expansion if your business grows.

Can industrial buildings be adapted for non-industrial uses?

Yes, industrial buildings are often adapted for non-industrial uses. These spaces are increasingly being repurposed for offices, retail, or mixed-use developments due to their open layouts and high ceilings. Keep in mind that this adaptation may require significant renovations, zoning changes, and compliance with building codes depending on the intended use.

What are the advantages of flexible industrial space for growing businesses?

Flexible industrial space offers several advantages for growing businesses, including the ability to scale operations up or down as needed. These spaces often have open layouts that can be customized for various functions, and flexible lease terms can help businesses manage costs more effectively as they expand.

How can I maximize the use of my industrial space?

To maximize the use of your industrial space, consider optimizing the layout for efficiency. Include strategic storage solutions, workflow designs, and designated paths/walkways throughout. Be sure that the space is adaptable to future changes in your business operations, allowing for growth or shifts in production needs.

How can small businesses benefit from leasing industrial space?

Leasing rather than buying allows small businesses to conserve capital and maintain flexibility, enabling them to adapt quickly to changing business needs or market conditions. Industrial spaces also often provide the necessary infrastructure and proximity to key logistics networks, further supporting business growth and development.

For more information about our industrial property for rent and industrial property for sale listings, call Rakow Group at (914) 758-0220.