Understanding Flex Properties
Chad Griffiths, MBA, SIOR, one of our colleagues over at NAI Commercial Real Estate Inc., put together this fantastic video on understanding industrial flex properties.
Flex space can generally be defined as any building or commercial property that has a mixture of warehouse space, office space, and/or retail space.
These properties typically have common warehousing amenities such as overhead doors, loading docks and feature a decent amount of ceiling height. Typically this is 14-16 feet, but can be as high as 25+ feet, depending on need.
Here are some common characteristics of flex commercial properties:
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- Mixed-Use: The space typically combines office and industrial features, but may also include retail or showroom space. For instance, the front of a building might have a traditional office setting, while the back offers warehouse or light manufacturing space.
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- Adaptable Design: Flex spaces are often designed with high ceilings and large open areas that can be easily customized by the tenant. This design allows businesses to change the layout based on their evolving needs.
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- Loading Access: Given their hybrid nature, many flex properties come with features like loading docks or grade-level doors, making it easier for businesses to manage inventory and shipments.
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- Location: Flex spaces are often found in commercial areas, but they can be located closer to urban centers than larger industrial properties, which is beneficial for businesses that want proximity to both clients and production facilities.
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- Cost-Efficiency: For many businesses, especially startups and small to medium enterprises, flex spaces provide an affordable way to have both office and production or storage space without leasing two separate facilities.
Flex warehouses come in all shapes and sizes and, because they have such variable uses, these types of buildings are very attractive to a wide array of businesses seeking specialized flexible space that can accommodate special needs unique to their operations.
Potential occupants can include car dealerships, manufacturers, laboratories, breweries, auto shops, and many other types of businesses spanning any combination of industrial, office, and retail tenants.
The expert knowledge and experience in commercial transactions that the real estate experts at NAI Platform possess can often be the competitive edge that enables our clients to successfully locate that diamond property or space, navigating the potential pitfalls, while completing the process more quickly, helping their clients save valuable time and money.
Our brokers at NAI Platform possess extensive knowledge and experience of the industry’s intricate nuances, with a singular focus of working diligently to help our clients meet and surpass their goals.
For more information and expert guidance on your commercial real estate needs, please give us a call at NAI Platform or visit our website at www.naiplatform.com.
Check the video out, and give us a call if you have any flex or warehousing needs.
