Industrial
Property used for manufacturing, storage, distribution and logistics, including warehouses and flex buildings. Clear height, loading docks, power and highway access matter most to tenants.
Also called: industrial property, warehouse, flex space, distribution center
Related terms
Property used for business or to produce income, such as offices, retail, industrial buildings and larger apartment complexes. It is usually valued on its income and financed with commercial loans.
A lease where the tenant pays base rent plus its share of property taxes, insurance and maintenance. The landlord's income is more predictable, and the tenant takes on rising operating costs.
A project where a developer builds a property to a specific tenant's needs, and the tenant signs a long-term lease or buys it at completion. Common for retail chains, distribution centers and medical users.
Local rules that control how land can be used, such as residential, commercial or mixed use, plus limits on density, height and setbacks. Zoning affects what you can build or rent.
Informal grades for commercial buildings. Class A is newer, high-quality space with top rents; Class B is older but well kept; Class C is older and needs work, with lower rents and more risk.