Property - Industrial
Industrial Real Estate can be broadly defined as all land and buildings which accommodate industrial activities including production, manufacturing, assembly, warehousing, research, storage, and distribution.
Industrial tends to desire sites that afford the greatest profitability at the lowest cost by ensuring that the costs of production, overhead, and distribution are at a minimum.
As E-commerce continues to expand, a new phrase, “logistics, logistics, logistics,” is now the approach that many businesses are applying to their search for industrial real estate. Almost every major retailer has an online component, and as technology develops, more of these large companies are cutting out the middleman, and are handling their operations from the inside, which is creating a larger demand for industrial space.
Distance and location are now being paired with travel time and traffic congestion analysis to determine how logistically efficient their sites are in terms of being able to receive goods from their suppliers and then ship them to their consumer base.