Benefits of Leasing
Industrial Space
Columbus has an established transportation network with access to major cities and surrounding states that are within a day’s drive. You can also reach Rickenbacker International Airport and local railway systems, which is crucial for moving and delivering cargo. As a tenant, you typically have quick access, allowing you to get your operations running without lengthy disruptions. You also don’t have to worry about lengthy closing and approval processes.
Flexibility
to Scale
Industrial spaces are customizable, so you can modify the layout to suit your production needs. That’s crucial for manufacturing, research and development and distribution, among other industries. Expand or contract based on market demands without being tied to a long-term investment. It’s also easier to move to a different property if your current location no longer suits
your needs.
Flexibility
to Scale
Flexibility
to Scale
Industrial spaces are customizable, so you can modify the layout to suit your production needs. That’s crucial for manufacturing, research and development and distribution, among other industries. Expand or contract based on market demands without being tied to a long-term investment. It’s also easier to move to a different property if your current location no longer suits
your needs.
Reduced Maintenance
Ownership comes with the financial responsibilities of maintenance and repairs. Leasing places those tasks in the property owner’s lap. You won’t have to worry about cleaning, lawn care, structural repair and roofing as those services are usually provided by other contractors. That gives you the freedom to focus your time and money on growing your business, improving efficiency, recruiting a workforce and investing in sustainability.
Reduced Maintenance
Reduced Maintenance
Ownership comes with the financial responsibilities of maintenance and repairs. Leasing places those tasks in the property owner’s lap. You won’t have to worry about cleaning, lawn care, structural repair and roofing as those services are usually provided by other contractors. That gives you the freedom to focus your time and money on growing your business, improving efficiency, recruiting a workforce and investing in sustainability.
Tax Advantages
You can deduct your lease payments, utilities and property insurance as they’re considered an operating expense. That reduces the overall financial burden on your business. And since you don’t own the industrial space, you won’t have to worry about paying property taxes. Certain equipment and machinery and renovations may also help you save during tax season.
Tax Advantages
Tax Advantages
You can deduct your lease payments, utilities and property insurance as they’re considered an operating expense. That reduces the overall financial burden on your business. And since you don’t own the industrial space, you won’t have to worry about paying property taxes. Certain equipment and machinery and renovations may also help you save during tax season.
Is Leasing Industrial Space
a Good Investment?
Columbus’s strategic location and growing economy make it an ideal city to lease an industrial space. It serves as a logistics hub, making it easy for you to access other markets and consumers in Ohio, Indiana, Kentucky, Michigan and Pennsylvania. Manufacturers have flocked to the region, allowing real estate investors to capitalize on the need for industrial property. That means you have a variety of options to choose from based on your unique needs. Columbus also offers lower lease rates and operating costs compared to other major cities like Chicago and New York.
Frequently Asked
Questions
Whether you’re looking for a quick answer for more extensive insight, we have answers to common questions about commercial real estate brokerage services.
What types of properties are considered industrial spaces?
Industrial properties include:
- Warehouses
- Distribution centers
- Manufacturing plants
- Flex spaces
- Data centers
- Storage facilities
Should I buy or lease industrial space?
Leasing a commercial industrial space or warehouse offers flexibility and cost-efficiency. You can allocate capital toward your business and eliminate upfront costs and maintenance tasks. You could also avoid the risks of market fluctuations and property depreciation, allowing you to adapt without feeling the financial burden.
What are common lease terms in industrial markets?
It depends on the location, industry, tenant size and availability. Generally, industrial spaces offer long-term leases, which can provide you with more favorable rates. Some owners offer expansion options to acquire additional square footage without having to search elsewhere. You may face rent escalations, so it’s important to discuss the lease structure thoroughly.
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