The industrial property sector has grown a lot in the recent years, since the liberalisation of trade in 1991. Types of industrial property like factories and warehouse spaces Delhi, Mumbai and other such metropolitans and tier 2 cities have been constructed mainly with office spaces so that the two departments can co-exist together and facilitate faster and smoother operations for the company.
Industrial property though can be broadly broken down into small, large and enormous properties that satisfy different needs for different companies. With small industrial sites, you can construct either a single storey or double storeyed buildings that might have flexible interior space, which means that you can construct warehouses and office spaces together. The small industrial properties are used by start-ups, laboratories and mechanical operations. Most industrial real estate developers invest in these establishments as they are profitable and get good returns for the companies. This is possible because of their size of both the building and operations.
Large industrial properties are mainly warehouses and factories that are designed to respectively store and manufacture goods. These properties rarely have any office space as the building is used completely for either maximising production or storage. They are mostly used by distribution companies like frozen food industries and third party logistics.
The biggest types of industrial spaces are individually owned warehouses and factories that are owned by big e-commerce industries and multinational companies. Automotive and technological industries use these spaces for the manufacturing of goods and e-commerce giants like Flipkart and Amazon use these spaces for storage and for facilitating deliveries.
These properties also create jobs for nearby areas as they constructed on the outskirts of bigger cities, near villages where unemployment rates are very high. They are called ‘big box’ industrial spaces because of their huge space and capabilities. A company may share their big box industrial spaces for reducing costs and increasing their manufacturing abilities.