As 2017 is now well under way and businesses across southern California are experiencing the strengthening marketplace, many owners & occupants of industrial property face the challenges of capacity restraints as they seek to grow their business. In this month’s Industrial Insight we take a closer look at some considerations, beyond price and location, for companies looking to make facility changes. While price and location are important in any real estate decision, there are five other factors that should be taken into view:
Building fires have resulted in serious injury and the damage or destruction of much property. As a result the fire code has continually been updated and the requirements and restrictions placed on occupants have increased.
Things to Consider
As many occupants and businesses in southern California transition to a more distribution and logistics oriented business, the flexibility of loading and getting trucks in, out, and around a property becomes critical.
Things to Consider
Office Improvements & Alterations:
When looking for a property it is important to consider the existing office layout and what changes you may envision making.
Age & Condition
When considering buildings, the following big ticket items must be evaluated:
American with Disabilities Act (ADA) Compliance
For industrial properties that are not ‘open to the public’ ADA requirements can still be a significant liability. New upgrades are generally triggered by occupants pulling a building permit at the corresponding city. The amount of ADA upgrades required corresponds to the amount of the improvements one is seeking to make. Some of the key areas ADA addresses are restrooms size, accessibility ramps, parking spaces and striping, and doorway sizes.
While some of the costs associated with the above items are difficult to avoid, it is far better to understand your potential exposure going into a deal. Work with a real estate professional who can and will help you identify these areas of consideration, and work with someone who has a network of professional referrals to help you navigate the necessary steps and remedy any issues.
Christopher J. Destino, SIOR, a Principal at Lee & Associates, is an engaging, responsive professional who enjoys working closely with his clients and helping them succeed.