You may have heard the term “flex space Fort Worth Design District” used recently but had no clue what it meant. We will clarify in this article by the Fort Worth Design District, offering outstanding and affordable industrial space and commercial property for rent in the Alliance Area of North Fort Worth. Call us at 817-439-3224 for more information.
What is flex space?
Flex space, also called “flexible space,” is a form of commercial real estate that gives companies office, retail, and warehouse space. These buildings can be stand-alone or located in dense, industrial parks. They are often one story but can be more than one story in height. Units have a warehouse door or loading dock with a higher ceiling height, too, typically around 14-16 feet tall. Flex warehouses come in a variety of shapes and sizes, which only enhances their existing versatility. Typical layouts for a tenant include an office space up front with the storage or warehouse space in the back.
The versatility of these spaces attracts a wide variety of businesses across industries, including construction, manufacturing, e-commerce, medical and logistical distribution.
What is flex space Fort Worth Design District?
A business enclave made for creative entrepreneurs in fashion, design, architecture, technology, and other fields that prize both design and aesthetics. About 40 acres, Fort Worth Design District features retail shop spaces, studios and workshops, showrooms, light industrial spaces for makers, distributors and manufacturers and office suites.
Reasons for flex space.
Over the past few years, commercial real estate has generally fallen into two broad categories: traditional commercial spaces and flexible commercial spaces. But what separates flexible office spaces from its contemporary counterpart? These are but a few differences that make Flex Space unique and worth consideration:
- Length of the Agreement Terms
Traditional office spaces were leased in terms of about 7-10 years, depending on the business operations. Flex Spaces, on the other hand, are leased from about seven months to three years. All of this depends on how long you want your lease to be. Real estate experts go even further and classify all real-estate options that are leasable for less than three years as part of flexible real estate. This is regardless of whether they are traditional office/warehouse spaces or flex spaces.
- Co-working and Shared Spaces
One characteristic common with traditional commercial spaces is that they are leased by one company. It is uncommon to find a traditional office space or warehouse shared by two or more companies. Not with Flex Spaces. Most Flex Spaces are shared and collectively leased by multiple companies or businesses. Flex Spaces have become a staple for any business that uses the internet or co-working for its day-to-day operations.
- The Ability to Share Amenities
The fact that Flex Spaces have shared spaces has led to shared amenities. Depending on the type of Flex Space you choose, there will be a wide range of amenities available to all tenants. These amenities may include free Wi-Fi, coffee, and lounges. The ability to share amenities does not exist in traditional office spaces and, obviously, means less overhead expense.
- Lower Startup Capital
Before a business sets up a traditional office space, there is a lot of investment required just to get the office space running. These expenses include wiring, design, furniture, office devices, and many other things necessary for running an office. Flex Spaces, on the other hand, only require an initial payment; the Flex Space, in many instances, offers all the design, furniture, and office devices.
- Multi-Functional Flex Space
Unlike traditional office spaces, Flex Spaces have been designed in such a way that they can perform multiple functions. A Flex Space can serve as an office, a retail center, a research center, or a warehouse with little to no modification.
A final word about the Fort Worth Design District.
The Fort Worth Design District is locally owned and operated. It includes Box Office Warehouse Suites, Paddock Place Office Suites, and the Golden Triangle Business Park. Call us today for all of your industrial and commercial property needs.
