Points to Consider before Buying Industrial Property?
Real estate is something that is permanently attached to the land. This includes man-made additions on the land like buildings, houses, apartments, warehouses, shops, industries etc.
What is Industrial real estate?
Industrial real estate refers to properties used to develop, manufacture, or produce goods and products, as well as logistics real estate that supports the movement and storage of products and goods. Industrial property is used for industrial purposes.
Industrial properties are usually located on the city outskirts or rural areas.
What are the different types of Industrial Properties?
Industrial real estate covers a broad group of properties types, including:
Industrial build to suit
Things to Consider Before Buying an Industrial Property
Availability of different modes of transport
Connectivity to city
Infrastructure facilities available
Proximity to carrier services
Future scope of expansion
Benefits of an Industrial Property
Return on Investment: The return on investment is higher compared to residential properties and commercial properties.
Lower maintenance cost: The maintenance cost is less compared to commercial property and residential properties.
Qualified tenants: The tenants of the industrial properties tend to respect the buildings since they are backed up by larger companies.