Chapter 16:  Managing Industrial Property

l   Location is compromise

l   Industrial parks

l   Seldom require professional management

Loft buildings

l   Few built in last 25 years

l   Increased occupancy by quasi-commercial firms



   Bulk office space

l   Rental based on demand and quality of space


l    Rental much lower than a moving-and-storage warehouse

l    Demand from several sources

    More people in apartments and condominiums

    More personal items than can be stored at home

    Storage space for businesses

l    Management's role in development, marketing, budgeting, accounting, and policies and procedures

Mart buildings

l   Management problems of traffic, renting, and special maintenance

l   Seasonal occupancy peaks

l   Promoted around specialized occupancy

   Furniture marts

   Merchandise marts

   Clothing marts