The Emergence of Flex Business Parks in Industrial Real Estate with Cody Payne
Industrial flex space may not be the first thing that comes to mind for investors, especially newcomers, but in this episode of Zen and the Art of Real Estate Investing, Jonathan’s guest makes a persuasive argument for asset class. Welcoming Cody Payne, Senior Vice President at Colliers International in Fort Worth, Texas, their conversation delves into the potential of industrial flex space. With nearly two decades of experience behind him, Cody's insights reveal its lucrative opportunities.
Starting with Cody's path into the industrial space, they uncover the typical tenants of flex spaces and why more companies are opting for these locations. Cody offers perspectives on the rising popularity of industrial assets and the advantages of developing new properties versus existing ones, encouraging strategic phased development. They also explore the appeal of industrial spaces for businesses unable to afford traditional retail or office spaces and the demographics to consider when evaluating potential investment areas. Cody's extensive knowledge provides a guide for investors who want to explore the industrial asset class.
Jonathan and Cody cover more in-depth:
Flex industrial spaces appeal to all tenants, from subcontractors to small offices to companies requiring a satellite location.
Cody always recommends building out an industrial space in phases.
Demographics matter when you’re looking for an industrial flex space location because it helps ensure a need for the space and that rents will be good.
This is a must-listen interview with industrial space expert Cody Payne for more about industrial flex spaces.
If you want to learn more about Zen and the Art of Real Estate Investing Podcast, check out http://www.trustgreene.com/podcast/zen/140 .