Commercial Industrial Lease Agreement

A commercial industrial lease agreement is between a landlord and a tenant for warehouse-related use. Examples include manufacturing, distributing, researching, and storing uses compliant with local zoning laws.

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Last updated November 15th, 2024

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A commercial industrial lease agreement is between a landlord and a tenant for warehouse-related use. Examples include manufacturing, distributing, researching, and storing uses compliant with local zoning laws.

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Industrial Space Stats (2023)

  • AVG Warehouse Size: 17,500 SF[1]
  • AVG $/SF: $7.51 SF[2]
  • AVG Rent Increase: $7.5% year-over-year[3]
  • AVG Term: 5-7 years[4]
  • Vacancy Rate: 4.3%[5]

Industrial Types (8)

  1. Warehousing and Distribution: The most common industrial use for storing goods before being transferred to retail or direct to customer locations.
  2. Manufacturing: For creating goods in an assembly-like manner for various industries.
  3. Data Centers: Becoming increasingly popular as storage and processing centers for tech-related businesses.
  4. Research Facilities: For zoning compliance, labs for technological or medical development.
  5. Flex Spaces: For combining warehouse and office use.
  6. Cold Storage: For spaces with refrigeration for medical, food, or other perishable uses.
  7. Showrooms: For the display of products in a warehouse setting.
  8. Automotive: For the storage, assembly, modification, or manufacturing of vehicles or parts.

Sample

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