As the property market continues to boom, more and more Australians are looking to invest. However, rather than buying industrial property, renting is likely to be more beneficial to you, as this gives you more flexibility based on your business's changing needs.
At uTenant, our online platform gives you the opportunity to connect with multiple landlords based on your exact requirements.
What is Industrial Property?
So, what is industrial property? Industrial property, also known as commercial property, is used solely for business purposes.
Industrial spaces can be used for a variety of things:
- Distribution of goods
Industrial Building Sizes
It is important to note that when looking at industrial property for rent, the size of the warehouse will determine what your space can be used for.
There are three types of property sizes:
A "small" industrial space is considered to be a single or double-story building and is usually around 5,000sqm. These spaces usually include a mix of warehouse and office space. It is likely that a space of this size will be used by smaller businesses - this includes people like mechanics.
A “medium” industrial space is anywhere from 5,000 - 10,000sqm. The purpose of a warehouse that is this size doesn't really differ much from a small warehouse in terms of what it is used for, however, a medium warehouse allows you to avoid crowding.
In a medium warehouse, you should have the following areas:
- “Free” areas - this ensure air can pass through your warehouse
- A “picking” area
- A “packing area”
- An area where goods are received
A "large" industrial space is considered to be a warehouse/factory that is designed to manufacture or store goods. These spaces are usually 10,000 - 15,000sqm in size. Third-party logistic (3PL) companies are likely to operate out of a warehouse like this, as this gives them the ability to provide a number of different services in relation to the logistics of a supply chain.
The services that a 3PL company provide include:
A "large" industrial space is considered to be a warehouse/factory that is designed to manufacture or store goods. These spaces are usually 10,000 - 15,000sqm in size. Third-party logistic (3PL) companies are likely to operate out of a waAn “enormous” space is around 15,000sqm and is used for companies that need to house a significant amount of stock (think a large Ecommerce site). These companies then need to have the ability to distribute this stock to customers.
Industrial Property for Rent - uTenant
Are you looking for industrial property to rent? Our online platform connects tenants and landlords based on your exact requirements. From here, you will be given an extensive list of warehouse options to choose from.