Industrial parks are a section of the city that is being used to conduct business. The businesses in industrial parks usually include distribution centers, oil refineries, warehouses, manufacturer bases, and shipping ports. These are also called ports where commercial or residential needs are not allowed. These industrial zones tend to be atmosphere friendly for industry use only.
Being in an area that can be in the form of a town or city district where factories and manufacturing plants take place makes it easier for industries and businesses. This helps them to perform their functions without needing industrial real estate property or land themselves that might not qualify as industrial property. There are specific industries that either rely on or will get tax breaks if they operate out of any specified zone altogether so as long as it’s designated as a city zone.
Industrial parks may be designed to accommodate a number of businesses, from large manufacturers to small start-ups. They often offer key facilities and services that are not only going to benefit businesses occupying space there. At the same time, they also add value in terms of local employment, utility delivery and potentially creating a positive impact on the local economy.
Locations like ports offer access to goods and commodities produced by major industries in other parts of the world, which helps grow domestic markets by reducing dependence on overseas imports.
What more can you find in industrial parks? Here are some of them:
Manufacturing Plant
Giant manufacturing plants tend to make heavy-duty goods and materials. They usually have tens or even hundreds of thousands of square feet in usable space, as well as powerful equipment, three-phase electrical power, and plenty of space for trucks to load up products. The exact machinery inside the manufacturing plant is usually customized to the end-user so heavy manufacturing plants need to be renovated when they change hands or tenancy.
If someone else wanted to take over that factory and use it to build cars, for example, this would require changing up the current equipment accordingly.
Distribution Warehouse
Distribution warehouses are most commonly used as storage and shipping units, which require careful location planning. If you plan to ship quickly and regularly, you need to be located in a place that will suit your needs. For instance, the distribution warehouses of large online companies should be in close proximity to major airports because their business depends on the quick delivery of products from A to B.
One thing businesses consider when deciding where to place your unit is the size of your company which may impact the design of your warehouse space. For instance, Amazon has several distribution warehouses across the United States which are primarily used for shipping purposes. Some units can even go over a million square feet.
Showroom
Showrooms play an important part in the success of many businesses. They typically have space devoted to storage, offices, and display cases that showcase products on offer. More than half of their space is devoted to the display side of things. This can be a retail store selling cars or even a talent agency where performers’ skills are advertised. There are several kinds of businesses that rent shared showroom space like this one.
Research & Development Facility
There are a lot of things that make up the property specifications when it comes to research and development. A company will have to take many factors into consideration before deciding on what will be needed by the time they choose what property fits their needs best.
For example, Google’s soon-to-open self-driving car project facility is 53,000 square feet and located near Detroit which has some of the country’s best auto talent. The open indoor spaces are perfect for testing their self-driving cars without distraction from prying eyes.
Key Takeaway
Most people think of commercial real estate in terms of the places they go – like retail and offices. But to keep things rolling, your businesses need space where they can manufacture the goods they create and ship them out in a timely fashion. As such, it’s important to find a property that meets your current requirements as well as future-proofing for planned growth.
One of the best ways is to choose a property from an experienced broker with local expertise – so you know you’re getting exactly what you need for your industrial business.
