Properties · Industrial & flex
Industrial & flex
The workhorse class. Value lives in what the building lets an operation do — and what the market will pay for that capability.
An industrial asset is read at the dock, not in the aggregate. Clear height decides what racking a tenant can run. Bay depth and column spacing decide how the floor works. Dock count, drive-in doors, and truck-court depth decide what the building can receive. Power decides what it can run. The yard — fenced, stabilized, usable — is often worth more per square foot than the shell around it.
Class matters because rents move by capability: the same submarket carries different rates for the same footage depending on what the building makes possible. The spread between what a property collects and what its class supports is usually where the conversation starts.
Tenancy is the other half of the read. A building purpose-fit to one operation can be hard to re-let, and that difficulty belongs in the underwriting — not discovered after a vacancy.
On market numbers
When a market claim appears on this site it carries its date and its source. When there is no source, there is no claim — current figures belong to the conversation, where they can be shown.