Flex Space Education

  Investing in small-bay industrial properties requires a thorough due diligence process to mitigate risks and maximize returns. These properties, often used for light manufacturing, warehousing, and service businesses, are gaining popularity due to shifting market demands. This guide outlines the key steps in evaluating an investment and highlights the latest trends shaping the industry. Essential Steps in Small-Bay Industrial Due Diligence 1. Property Condition Assessment A detailed property condition assessment is crucial before purchasing a small-bay industrial asset. This includes evaluating the structural integrity of the building, roofing, HVAC systems, plumbing, and electrical components. Hiring professional inspectors can help identify necessary repairs or upgrades to prevent unexpected costs. 2. Environmental Site Assessment Conducting an Environmental Site Assessment (ESA) ensures that the property is free from contamination and environmental liabilities. A Phase I ESA r...

  SMALL BAY FLEX DEVELOPMENT CHECKLIST Once you’ve secured your parcel, it’s time to gear up for construction. Plan ahead now to save yourself serious stress (and money) later. Flex builds move fast, but mistakes can cost you months. Use this checklist to stay on track from start to finish. SCOUTING & EARLY PLANNING Set up alerts : Use Google Alerts for "flex space (city name)," "contractor warehouse (city)," and similar terms. Stay informed on new builds and nearby developments. Connect with planning staff : Verify zoning is suitable for small bay flex (light industrial, etc.). Schedule a pre-submittal meeting if available. Bring concept layouts but avoid firm commitments. Monitor the market : Assign someone to check monthly with local planning departments for incoming flex developments. Competition can impact lease-up. SITE DUE DILIGENCE Order surveys : Topographical and boundary surveys Soil borings (ask your engineer) Tree survey (if city requires) Environme...