6 Essential Factors to Consider When Choosing Industrial Property

Selecting the ideal industrial property for your business is a critical decision that can significantly impact your operations, costs, and long-term success. In the industrial sector, the famous adage "location, location, location" holds true, but there are many more factors to weigh when making this crucial choice. To guide you in making an informed decision, here are six key factors to consider when choosing industrial property.

1. Location Matters

Proximity to Customers and Suppliers:

Consider how close the property is to your customers and suppliers, especially those providing raw materials. Being nearby can optimize your supply chain, reduce transportation costs, and improve overall efficiency.

Availability of Labor Force:

Ensure that there is a sufficient labor force with the skills you require in the area. The location should also be convenient for your local employees. A well-located property can help attract and retain a skilled workforce, ensuring the success of your operations.

Access to Highways and Transportation Hubs:

Easy access to highways and transportation hubs is vital for seamless logistics. It ensures that your products can move efficiently in and out of your facility, reducing transit times and costs.

2.?Building Type

Consider the specific building type that best suits your business needs in terms of size and functionality. Different industries have unique requirements, and the right building type can make a substantial difference in your operations.

To meet the requirements of major industries, CTP has developed five building types ranging in size and functionality to support a broad spectrum of business activities, including high-tech manufacturing, supply-chain and distribution centres, advanced R&D and back-office operations. Find more detailed information on the different building types here.

3.?Future Growth & Flexibility

Consider your business's future growth and expansion plans when choosing industrial property.

CTP properties are designed with flexibility in mind, allowing your business to grow and scale seamlessly. Our industrial properties offer the flexibility to expand on the same site or establish additional locations across Europe thanks to our extensive land bank.

4.?Cost Evaluation

Evaluate the total cost of the property, factoring in rent, utilities, property taxes, and ongoing maintenance. Leasing industrial real estate is often a more flexible and cost-effective option compared to buying. It offers lower upfront costs, potential tax benefits, various financing options and lower maintenance expenses. Read more about why leasing an industrial property is often a?better solutions than buying it in this article.

5.?Age of the Property

The age of the property is a critical consideration. Older industrial properties may come with a lower initial cost, but they often require higher maintenance expenses. Opting for an A-class property can offer you the advantage of minimizing ongoing costs and maintenance expenses.

6.?Sustainable Solutions

Embrace sustainability as a guiding principle when selecting industrial property. Implementing green initiatives not only contributes to a cleaner environment but also lowers operating costs and enhances your ESG indicators. Look for properties that offer sustainable features such as:

·?????? Solar panels

·?????? Electric vehicle charging stations

·?????? Smart metering systems

·?????? LED lighting

·?????? Graywater reuse systems

Choosing the right industrial property is a strategic decision that can significantly impact your business's success. Thoroughly evaluating factors such as location, building type, cost, property age and sustainability will help you make an informed decision that aligns with your business goals and ensures the efficiency and success of your operations.

Should you require further assistance, our team is here to support you in finding the perfect solution tailored to your business’ specific needs:

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