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Showroom Style Small Bay Flex Industrial with Cody Payne
Jul 9, 2024
Cody Payne, a Colliers Texas representative, discusses small bay industrial properties with Jonathan. They talk about evaluating properties, attracting tenants, ground-up development, determining rental rates, value-add opportunities, and competitive advantages in development assistance.
37:47
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Quick takeaways
- Flex industrial properties offer simplicity in buildout and lower maintenance costs for investors.
- Small bay spaces provide flexibility for tenants to easily expand or downsize.
Deep dives
Flex Industrial: Easy Learning Curve
Flex industrial properties offer an easy learning curve for investors and developers due to their simplicity in buildout and lower maintenance costs. Cody Payne, a senior vice president at Colliers, mentions that this asset class has gained popularity in recent years, particularly after 2018 and 2020, attracting various tenants like subcontractors and contractors.
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