Whether you were aware of it or not, industrial space for lease, in the United States, is trending smaller in size and, in this article, we will talk about reasons for that trend.
We are the Fort Worth Design District, a creative enclave of businesses located in the Alliance Area of North Fort Worth. Call us at 817-439-3224 for information regarding outstanding commercial and industrial property for lease.
Now, let’s talk about going small in leasing industrial space.
Reasons why industrial space for lease is trending smaller
There was a time, not that long ago, when bigger was better with regards to commercial and industrial property. It was not unusual at all for start-up companies to lease properties of 20,000 square feet or larger. The traditional warehouses, rectangular in shape, gray in color, dotted the American landscape. They were relatively inexpensive to build, the could be built in a very short period of time, and the growing American economy needed more industrial property.
The recession of 2008 changed that. The pandemic of 2020-2022 absolutely provided a death blow to the concept of “bigger is better.” Businesses dropped like flies. “For rent” signs sprung up all over America. The behemoths of yesteryear sat empty or, in many cases, were simply torn down, replaced by smaller properties
Related to that, the number of small companies increased this past decade. Small meant more manageable. Small meant less liability. Small meant flexibility in design, and small meant more options, always a good thing in an unstable economy.
From all that came more home businesses, one-person businesses, and a huge influx in remote work. Mammoth office buildings were not needed in the numbers of the past. Mammoth warehouses were not needed, certainly not in the numbers needed twenty years ago.
Which brings us to today, 2022 and beyond, and the shift towards smaller industrial property for rent.
Where you can find outstanding, smaller industrial space for lease
In the Fort Worth area, this discussion brings us to the Fort Worth Design District, a little over forty acres of new industrial and commercial property, three industrial parks in one District, including: Box Office Warehouse Suites, Paddock Place Office Suites, and the Golden Triangle Business Park.
The changes to the industrial landscape are on full display at Box Office Warehouse Suites, a business park made entirely from shipping containers. Each unit is 320 square feet in size, perfect for a changing society and changing business world.
The change can also be seen in new industrial parks like 917 Industrial Park in Alvarado, where properties for rent start at 1,250 square feet in size, a size not to be found twenty years ago, but now in high demand.
A final word about Fort Worth Design District
The Fort Worth Design District, managed by RDS Real Estate, is at the forefront of this shift in commercial and industrial properties. Call us to arrange for a tour. If you want a look at the future of business and industrial parks, the Fort Worth Design District is a place you really need to visit.