Flex space can be defined as any building that has a combination of warehouse space and office/retail space. For those that need a little bit of office and a little bit of warehouse space, these are perfect. Flexible offices spaces are typically single-story buildings found in semi-industrial areas or in high-demand areas such as city centers.
This kind of space is for tenants who need to have a business under one roof, from warehouse and/or distribution to sales, accounting, and management. The amount of space occupied by a single tenant can often be changed periodically to accommodate the changing size of the business. Most of these spaces have multiple tenants.
An old industrial building can serve as a trendy location for office space. Alternatively, it can be served to industrial tenants also. A flex space is usually available for lease to commercial or industrial renters who intend to use it for a combined business purpose. Smaller properties or vacant plots can potentially be fully converted into flexible spaces.
Flexible spaces often have a loading dock with a higher ceiling height. Flex warehouses come in all shapes and sizes and, because they have such variable uses, these types of buildings are very attractive to an array of businesses seeking space.
These are some of the reasons that a company may consider renting a flexible space :
Businesses can use flex space for both inventory storage and office space. For example, they can add machinery and turn a flex space into a manufacturing factory. Alternatively, they can decorate the area into a showroom to display their products to prospective customers.
A furniture maker uses their flex space not only as a retail shop to sell their furniture but also as a workshop and storage for all of their equipment and materials, as well.
Potential occupants can include manufacturers from different segments, brewers, artists, automobile showrooms, and cabinet makers, furniture, handicraft manufacturers, etc. Flex spaces are popular with growing companies because they can more easily handle their changing needs.
If you have a business that has both office/retail and warehouse needs, it is wise to consider searching for flex space. For example, if the demand for a warehouse is ever struggling during your vacancy period, you could simply market your space as general office or retail, or vice versa.