The Benefits of Multi-Tenant Industrial Buildings
Easy to ManageBecause of the way industrial real estate is leased, where tenants pay a portion of the industrial operating costs as well as paying for a portion of maintenance expenses, it is much easier to manage than single-tenant properties. Tenants of industrial spaces will also not require extra services in the building, like janitorial service or the need for landlord maintenance because industrial areas usually do not have areas that are not for industrial purposes. In addition to being easy to manage, these industrial buildings are cheaper to own because of this triple net basis where all tenants pay for the maintenance costs and operating expenses.
FlexibilityIndustrial property makes it easier to supply buildings for a wide range of tenants. Because industrial buildings come in a large range of sizes and specifications, tenants with varying needs have options. Industrial spaces can be solely manufacturing areas, distribution areas, office space areas, or any combination of the departments that are needed for an industrial business.
As it is obvious to see, the internet rules the retail market. Retailers cannot survive in this business world without offering online shopping options. Because of this massive switch towards online retail, many businesses require additional shipping and logistics industrial spaces. Warehouses for shipping, manufacturing, fulfillment services, and office spaces are in great need and this trend will not stop anytime soon. By investing in multi-tenant industrial buildings, you can ensure that your money is returned and that you will make money from these properties because these online based businesses are in need of available spaces for rent.
Industrial Real Estate is NeededBecause the industrial real estate business is booming, what with the explosion of companies switching to all online businesses and the need for more space, industrial real estate is becoming harder and harder to find. Many industrial facilities are single units with only one tenant, but by splitting these buildings and designing them to be dual-tenant spaces, you are guaranteed to make money because of the high need for industrial real estate.
At NAI Isaac we specialize in the leasing and buying of commercial and industrial properties. We have a long history of customer satisfaction, and a wide range of real estate experience. Specializing in leasing and subleasing, investment sales, site selection, property management, and numerous other areas of expertise, the team mat NAI Isaac can assure your satisfaction. If you are interested in entering the industrial real estate business and have questions concerning investing in multi-tenant industrial buildings and want to speak to an expert about the risks and benefits, NAI Isaac, serving Lexington and all the surrounding areas, is here to help.