Manchester, MI Industrial and Warehouse Spaces for Rent
Based on the range of industrial spaces listed for rent on CommercialCafe.com, the average asking rent in Manchester is $5.6 per square foot. However, there are several factors that influence the asking rate for renting an industrial property. For instance, prices vary depending on the property location, the age and upkeep, the property size, quality rating (Class A, B, or C), as well as based on any unique features it offers.
For Class B assets, asking rents for properties go up to $5.6 per square foot. The average for Class B industrial spaces in Manchester among properties listed on CommercialCafe is $5.6 per square foot.
There are various types of industrial real estate properties designed to provide solutions for various business needs. Warehouses, which are essential in storage and logistics, often have high ceilings and loading docks and can be equipped with industrial-grade heating or cooling systems. Manufacturing facilities are differently equipped to facilitate the production of various goods. Meanwhile, flex space is a type of industrial real estate that can accommodate multiple uses at the same time, such as storage, distribution, light manufacturing, and office space.
Among the industrial space listings available for rent in Manchester, you can find:
Finding the ideal industrial space for your venture in Manchester depends on your particular combination of business needs and preferences. Considerations might include aspects such as: the property proximity to major highways, ports, railroad or public transportation hubs; the cost of renting space in the area; qualified labor availability; and zoning particularities. While other types of commercial real estate are more widely distributed across a market, industrial space tends to largely be concentrated under zoning requirements specific to it.
While a lot of aspects of what makes good quality industrial space are subjective, there are some that are objectively important to any business looking to operate out of such spaces. These are typically captured in property class ratings, that are generally referred to as Class A, B, or C.
Leasing opportunities on the local market currently include 10 listing(s) rated Class B industrial space. While it is a tier down from Class A, industrial space in this rating category can still offer reasonably high quality for most enterprises. Class B typically includes buildings that are slightly older, property that has been renovated and is in overall good condition but might not include top-tier building systems or state-of-the-art features.
The most common industrial listing space size you can find in Manchester falls in the less than 100,000 sqft range. Specifically, the market is home to 10 listing(s) in this size category.
You can also find 1 industrial listing(s) sized 100,000 sqft to 500,000 sqft.
Zoning requirements are essential in the selection of a prospective lease, as it has a direct influence over the kind of industrial activity that can be undertaken on the property. Each city has its specific Zoning Department that sets up the codes and you can secure the services of a commercial real estate broker who specializes in industrial properties to help you understand the local zoning requirements and find a property that meets your needs.
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