Industrial Properties
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Unlike offices the industrial properties are filled with workers interested in the practicality of designing, creating and engineering of products.
The important thing to recognise with industrial properties is that the majority of units will house one firm over an extended period of time. Therefore it is unlikely that there will be a host of different companies operating in the building. If the industrial property is a warehouse which has a goods-in section where trucks line up to be filled, it is unlikely that a large blast furnace firm will set up business there.
It means that although there may some movement if firms opt to take on a different site, by and large a company will commit itself to a site for a long time, possibly even a hundred years or more. It is not uncommon for most companies to purchase their own sites because they not only act as a guarantee against future events but also because the site will more than likely have been built on an area of land purposely set aside for industrial units. By purchasing the land and unit, businesses may be able to purchase land around the site to increase its holding and presence. This offers greater security and means that if the land that has been bought has not been used, it could easily be sold on for a profit to a third party in future years.
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