CHP 53 - Industrial Brokerage Flashcards
Major physical characteristics distinguishing industrial space
- Size
- Ceiling height
- Office percentage
- Doors, docs and floors
Size
Largest spaces are for specialized manufacturing processes; smalles or multi-tenant buildings
Ceiling height
Greatest in warehouse lowest in R&D and flex bldgs
Office percentage
combinations of office and industrial functions
What distinguishs industrial property classess
Construction materials and their flammability or combustibility
These buildings offer greatest flex in floor space configuration
Buildings w/out interior columns
IMportant locational considerations of industrial users
- Labor Pool
- Transportation
- Utilities
- Zoning
- Favorable tax structures
How to estimate industrial demand
average sq ft per type of industrial employee multipied by # of existing or projected employees of that type in the market area
What’s needed to estimate future industrial demand
employees entering and leaing the market area
How are industrial properties distinguished
- Function
- COnfiguration
- COnstruction
Class A (industrial)
All materials nonflammable/steel frame
Class B (ind)
All nonflammable; reinforced conrete columns and beams
Class C (Industrial)
Masonry and wood; exterior walls fire resistent
Class D (Industrial)
Flammable/Wood Construction
Class S (Industrial)
Mostly ibflammable; metal frame and skin; wood or steel roof
Exterior characteristics of Industrial Properties
Docs, doors, sheel, rail, loading and parking areas
Interior characteristics of Industrial properties
bays, columns, ceilings, floors, power supply
Industrial Supply Analysis
By type and class of property, rent brackets, submarkets, size, leased or owned
INdustrial Demand Analysis
By type and size of user, rent level, building class, submarket: measured in sq ft of space needed by type of employee
Which industry has the highest ratio of SF per employee
Wholesale
What kind of industrial operation is most likely to find a high, hangar-like metal building suitable?
One where heating and cooling aren’t important
Why are multi-tenant properties attractive to investors?
They are usually leased, providing leasing income.
If a door is described as dock high, how high is the door bottom above the truck court outside the loading area?
4 Feet
