What Is Flex Industrial Space?

Published: 12-01-22    Category: General CRE

Specializes in providing actionable insights into the commercial real estate space for investors, brokers, lessors, and lessees. He covers quarterly market data reports, investment strategies, how-to guides, and top-down perspectives on market movements.

What is flex industrial space

Flex industrial space is an emerging real estate product that’s currently being targeted by many developers, investors, and property managers. Companies are flocking to areas with abundant flex space because it meets their needs in a cost-effective way.

Flex industrial spaces have several advantages over traditional industrial properties. Here are some of the reasons that make flex space so appealing and why you should invest in this type of property if you’re looking to purchase real estate as an investor or just want more convenient office facilities.

What Is Flex Space in Commercial Real Estate?

Flex space is a type of commercial real estate that can be used for a variety of purposes. It is typically leased on a short-term basis and is flexible to accommodate the changing needs of businesses.

Flex spaces are ideal for businesses that need a warehouse or industrial space but do not want to commit to a long-term lease. They are also often located in single-story buildings, which makes them easy to access and move around in.

Flex Space Is Different Than Other Real Estate Options

Flex space is different from traditional office space or warehouse space in a number of ways:

  • Flex space is typically leased on a shorter-term basis than traditional office or commercial real estate. This makes flex industrial space a better, more flexible option for businesses that may not want to commit to a long-term lease.
  • Flex spaces often offer a more variety of amenities and features than traditional industrial spaces or warehouses. Some flex spaces are located in areas zoned for industrial use, while others are in areas zoned for commercial or office space.
  • Flex spaces often have features that make them suitable for a variety of uses, such as high ceilings, large windows, and loading docks. They may also have amenities such as conference rooms, kitchenettes, on-site parking, security, and temperature control.

Finally, the fact that flex spaces are typically smaller than traditional office spaces or warehouses makes them more affordable for businesses. Flex industrial space is often less expensive than traditional industrial space, making it a more affordable option for small businesses or businesses that are just starting out.

Types of Businesses That Use Industrial Flex Real Estate

An industrial flex building can be used for a variety of businesses, including manufacturing, storage, and distribution. Flex buildings are versatile and can be adapted to meet the changing needs of businesses. They are also cost-effective and provide a variety of amenities, making them an attractive option for businesses.

Common Features

An industrial flex building is a type of commercial real estate that offers a variety of features and amenities to tenants. Flex buildings are typically multi-tenant properties that can be leased for a variety of uses, such as storage space, office space, or retail space.

Flex buildings often have high ceilings, large loading docks, and clear-span construction to accommodate a variety of businesses. Cold storage space is another common feature of flex buildings, which is ideal for businesses that need to store temperature-sensitive items.

Advantages of Flex Industrial Space

There are many benefits of using flex buildings for businesses, including the ability to lease or purchase storage space at a fraction of the costs of traditional industrial real estate. Flex buildings also offer higher ceiling heights and more usable space than warehouses, making them ideal for businesses that need extra storage space.

Additionally, the flexibility of using flex buildings means that businesses can lease or purchase them as needed, making them a more cost-effective option than traditional industrial real estate.

One big advantage of flex spaces is that they offer a variety of office space, warehouse, and industrial spaces all under one roof. This can be a big advantage over traditional office space because you don’t have to worry about finding separate office and warehouse space.

Many flex spaces also come with amenities that you might not find in a traditional office, such as showers and bicycle storage.

Disadvantages of Flex Industrial Space

There are some potential disadvantages to leasing flex space. For example, if a business decides it no longer needs the extra space, it may be difficult to get out of the lease. There may be more noise penetration as well since the space is not soundproofed like traditional offices. This can be potentially disruptive for tenants trying to concentrate.

Additionally, industrial flex space can be less comfortable than traditional office space because it is not always climate-controlled.

Despite these drawbacks, industrial flex space may have certain advantages over traditional office space, making it a worthwhile option for your business. Industrial flex space often comes at a lower cost than traditional office space. Some industrial flex space has less stringent tenant requirements than traditional office space.

Costs of Flex Industrial Space

The cost of industrial flex space is typically lower than that of traditional office space, making it an attractive option for businesses. Flex space is often located in warehouses or other industrial buildings and can be leased on a short-term basis. This makes it more flexible than traditional office space.

Flex Space Offers a Cost-Effective Alternative to Traditional Office Space

Industrial flex buildings are affordable and flexible commercial real estate options that make it easy to save on office space costs while getting high-quality features. They are well-suited for businesses that need a wide variety of space, from storage to workspace.

Industrial flex space is often adaptable and can be converted to accommodate a variety of needs. For example, a warehouse can be converted into a call center with the installation of telephones and cubicles. With the right equipment, industrial flex space can be converted into a manufacturing facility or warehouse.

Most industrial flex space comes with basic amenities such as electricity and heat and may also be suitable for tenant improvement. In some cases, the landlord may pay for these basic amenities. Industrial flex space is often less expensive than traditional office space, making it an affordable option for businesses.

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