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Flex Space

Flex Space for Sale
in Columbus, Ohio

Flex space commercial properties combine office and industrial features. It’s adaptable for various businesses that require square footage for offices and warehouse materials and supplies. For example, roofing companies, wholesale entities, flooring groups and signage businesses have administrative and operational needs that require different types of commercial space under one roof.

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Benefits Of Buying
Flex Spaces

Flex space is ideal if your business requires areas for collaboration. This type of commercial property is also a relatively low-risk investment that provides strong returns compared to traditional offices and warehouses.

Scalability

Owning a flex space allows you to scale your operations to accommodate business growth and contraction. That’s especially important if you work in a dynamic market that fluctuates regularly. As a landlord, you can also maintain consistent property demand, lower vacancy rates and steadier investment income. The adjustable nature of flex spaces also lends itself to easy customization without expensive renovations.

Scalability

Scalability

Owning a flex space allows you to scale your operations to accommodate business growth and contraction. That’s especially important if you work in a dynamic market that fluctuates regularly. As a landlord, you can also maintain consistent property demand, lower vacancy rates and steadier investment income. The adjustable nature of flex spaces also lends itself to easy customization without expensive renovations.

Hybrid Layout

Flex spaces often have office or retail areas in the front and warehouses in the back. A flex space is a suitable option if you require room to interact with clients, maintain production and store supplies. These properties are more affordable than properties that serve a single purpose. A hybrid layout helps streamline logistics and boost operational efficiency, allowing you to get more done in a single space. That offers a broader market appeal, so investors can subdivide assets.

Hybrid Layout

Hybrid Layout

Flex spaces often have office or retail areas in the front and warehouses in the back. A flex space is a suitable option if you require room to interact with clients, maintain production and store supplies. These properties are more affordable than properties that serve a single purpose. A hybrid layout helps streamline logistics and boost operational efficiency, allowing you to get more done in a single space. That offers a broader market appeal, so investors can subdivide assets.

Loading Docks

Many flex spaces have loading docks or grade-level doors, allowing you to manage inventory and shipping in one location. That saves you the hassle and cost of acquiring an offsite warehouse. Loading docks accommodate trucks, deliveries, bulk orders and e-commerce. Tenants may be more willing to pay for those types of spaces, increasing their market value and your revenue stream.

Loading Docks

Loading Docks

Many flex spaces have loading docks or grade-level doors, allowing you to manage inventory and shipping in one location. That saves you the hassle and cost of acquiring an offsite warehouse. Loading docks accommodate trucks, deliveries, bulk orders and e-commerce. Tenants may be more willing to pay for those types of spaces, increasing their market value and your revenue stream.

Is Buying A Flex Space
A Good Investment?

You can protect your bottom line by purchasing a commercial flex space, as you don’t have to buy multiple buildings for separate functions. As an investor, you can build equity in your property, making it an even more attractive asset if you need to sell. You also have access to a more diverse tenant pool since different businesses and industries utilize flexible properties. Ownership provides more predictable expenses and deductions to help you save during tax season. Unused space is a viable option for subletting, too, adding another source of income for your business.

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.

How does flex space compare to traditional offices and warehouses?

Flex spaces are easier to customize due to their hybrid layout. If you lease a commercial office or warehouse, you may face lease restrictions that prevent you from renovating. Flex spaces are generally more cost-effective and offer high rental demand and strong appreciation. The fixed-use nature of offices and warehouses limits the number of potential tenants.

What features should I look for in a flex space?

It depends on your business needs, so evaluate your office-to-warehouse ratio before you begin your search. Generally, open layouts and high ceilings are favorable for manufacturing operations. Adequate parking and accessibility are essential for all businesses. Pay attention to infrastructure elements, including HVAC, electrical and internet capacity.

Are there risks associated with investing in flex spaces?

As with other commercial real estate investments, demand and property values change, affecting the viability of your flex space. Zoning restrictions may also influence the type of businesses that can use certain commercial properties.