Most people are familiar with the term industrial space, also known as industrial space for lease in the commercial real estate world, but a surprising number of people do not really understand what industrial space is, or how it differs from commercial property for rent. We will break it all down for you in this article by RDS Real Estate, serving the Greater Fort Worth area with outstanding and affordable commercial property for lease and industrial property for lease. Call us at 817-439-3224 for more information.
A definition of industrial space.
So, what is industrial space? Industrial space is defined as any property used for the manufacture, distribution, assemblage, development, research, production, or storage of goods. This is completely different from most commercial space, which is space used for the sale of goods and services.
Types of industrial space.
In the real estate world, industrial space can be any of the following: warehouse for rent, office warehouse for rent, garage for rent, shop for rent, assembly plant for rent, or development center for rent. It can, literally, be found in most cities in the United States. The rental cost of such properties varies greatly, depending upon the local market where it is located. The rental cost can be as low as $1.00 per square foot, per month, or as much as $20.00 per square foot, per month, and the size of the rental property can vary from less than 1,000 square feet to 50,000 square feet or larger.
As a rule of thumb, the larger the property, the more it will cost. This is not a universal rule, but it is applicable in most cases in most cities. It should be noted that the rental fee does not include utilities, and the types of activities which a particular industrial space can be used for depends upon the zoning laws of that particular area.
Blurred lines with commercial space.
Generally, an office for rent is considered commercial property for rent, but what if there is an office attached to a warehouse i.e. an office warehouse for rent? Is that industrial space or commercial space? In addition, in many cities, a shop for rent refers to a retail store for rent, but it can also be an automotive repair shop, or a manufacturing shop where no sales take place.
These blurred lines of definition may or may not be important, but it is important that you are aware of them to avoid any confusion as you prepare to look at various properties for rent.
Remember, also, that location will play a part in the cost of the industrial space. If the location of your business is not particularly important to your success, you stand a good chance of finding less-expensive property, since location is the king when it comes to pricing rental properties.
A final word about RDS Real Estate.
No matter what you call it, and no matter what it is you need, we can find it for you in the Greater Fort Worth Metro Area. RDS Real Estate is locally owned and operated, with over two-million square feet of commercial and industrial space for lease. Call us and put us to work finding the exact property to meet your needs.