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On the surface, industrial properties are very simple. Most units tend to be functional, no-frills, metal boxes in out-of-town industrial parks, used either for storage or as working facilities for manufacturing, logistics, chemicals companies.
But that doesn’t mean that finding and renting one is straightforward. There are a whole range of things you need to think about before you sign a lease – from the intricate physical details of the building itself, to the true costs of running it once all the hidden factors are taken into account.
Check out our guide to learn more about things to look for in industrial leases.
Within industrial commercial property there are even more use classifications and sub-classifications than in retail. For good reason in fact, because industrial property uses can include dealing with noisy, hazardous, potentially toxic, or just downright smelly products and machinery that can’t be located too close to other parts of a town.
Planning regulations and local authority planning departments aren’t always popular with developers and occupiers, but in industrial property it’s important that certain buildings are strictly classified and regulated. This means it’s important that any potential tenant understands the regulations fully. This is something your surveyor or solicitor can help explain in detail, but here’s a quick guide to key things you need to know about industrial property classifications.