Industrial Buildings
Industrial buildings are used for functions such as manufacturing, research and development, storage, and the distribution of goods. Because they require a lot of acreage for wide building footprints, low-density parking, and truck turning, industrial buildings are almost never found in the central business district.
The three main categories are manufacturing, warehouse, and Flex/R&D;
Manufacturing: A facility used for the conversion, fabrication and/or assembly of raw or partly wrought materials into products/goods. These properties tend to have less than 20% office space and can be further classified for heavy or light industrial use.
Warehouse: A facility primarily used for the storage and/or distribution of materials, goods, and merchandise. These buildings tend to have less than 15% office space, and modern facilities have high clear ceiling heights that allow for more cubic storage space. This category also may include specialty facilities, such as cold or freezer storage for food.
Flex/R&D: Flex buildings is a type of commercial real estate that offers tenants a variety of features and amenities. Flex buildings are typically multi-tenant properties that can be leased for a variety of uses such as storage, office, and retail. The ceiling height is typically shorter than a typically industrial building.