What are Some of the Different Types of Industrial Real Estate?
Industrial real estate refers to properties that are used for industrial purposes, such as manufacturing, warehousing, and distribution centers. It can also include properties that are used for research and development, as well as properties that are used for storage or as self-storage facilities. Let's examine different types of industrial real estate and some the unique characteristics of each.
Manufacturing facilities: These properties are used for the production of goods, ranging from small-scale operations to large-scale factories. Manufacturing facilities may include assembly lines, warehouses, and office space for administrative and management functions.
Warehouses: These properties are used for the storage of goods and are often large, multi-level buildings with loading docks and wide doors for easy access by trucks and other vehicles. Warehouses may be used for storage, distribution, or both.
Distribution centers: These properties are used for the distribution of goods, either to other businesses or directly to consumers. Distribution centers are often located near transportation hubs, such as airports or major roads, to facilitate the efficient distribution of goods.
Self-storage facilities: These properties are used for the rental of storage units to individuals or businesses. Self-storage facilities may be standalone buildings or part of a larger complex, and may offer a range of unit sizes to meet the needs of different customers.
Research and development (R&D) facilities: These properties are used for the development and testing of new products or technologies. R&D facilities may include laboratories, testing equipment, and office space for researchers and other staff.
Mixed-use industrial: These properties combine industrial uses with other types of uses, such as retail or office space. Mixed-use industrial properties may be located in urban or suburban areas and may be attractive to businesses that want to be located near other amenities.
Industrial real estate includes a variety of properties that are used for manufacturing, warehousing, distribution, self-storage, research and development, and mixed-use purposes. Each type of industrial property has its own unique characteristics and is suited to specific business needs. If you're looking to buy or sell industrial real estate in Colorado, you should speak with an experienced commercial industrial broker.