Flex Space: Hybrid Industrial Space for Businesses with Physical Goods

What is flex space?

A flexible “flex” space refers to a hybrid form of commercial real estate introduced in the 1970s. These are usually a mix of storage or warehousing areas with a showroom/office-type space. Flex spaces are an attractive option for fast-growing companies because they have room for expansion.

At the same time, flex spaces are perfect for individuals planning to start their businesses. This way, they can enjoy various spatial options, lower startup costs, and better amenities than traditional warehouses. Flex spaces typically offer short-term contracts to help eliminate long-term commitments. This way, businesses can select month-to-month agreements to manage their monthly expenses better.

The fact remains that finding the perfect space for your business can be a challenging task, even if you seek the help of a commercial broker. Flex spaces are the ideal solution for rapidly expanding enterprises with equipment and products that require storage. Combining industrial with office spaces is a fantastic way of saving on building rent.

What are the Common Uses of a Flex Space?

Often, flex spaces refer to multi-unit industrial buildings. It is because multi-unit industrial buildings bundle warehouse spaces with office areas.  The inclusion of office space alongside an industrial area serves as the perfect solution for businesses. Since the pandemic, as eCommerce gains further popularity, companies are seeking more storage solutions. As more and more businesses begin selling online, the need for a better distribution space outpaces the importance of a retail storefront.

What are the Benefits of a Flex Space vs. Dedicated Office & Industrial Space?

The top benefit of choosing flex spaces for small and leading businesses is the consolidation of business departments in one place.  As a result, you can ensure better communication between different departments, the flexibility of expanding according to your business needs and having to pay one rent payment every month.

Let’s take a closer look at some of the pros of choosing a flex space:

  • Flexible Terms
    • Accurately pinpointing your business’ position in a couple of years is near impossible. Luckily, flex space offers flexible terms to allow you to focus on the now. This way, you can move in immediately, size up or down, and switch places whenever you want.
  • Low Startup Costs
    • Renting a flex space means everything you need is present inside a single facility. It eliminates the hassle of multiple payments, worrying about whether rent is paid, and whether you’ll be saving enough. Whether you’re trying to expand your business or simply launching your startup, you can save up in real-time by cutting down additional utility fees and taxes while getting access to everything you need.
  • Multipurpose Use
    • Most flex spaces are built-to-suit to ensure reduced costs in case you need to customize the building. Traditional spaces typically cost a fortune to reinvent; however, flex spaces offer you the flexibility of remodeling however you want. Furthermore, consolidate flex spaces make communication more effective and quicker within your business. In turn, you can speed up business operations.

To Sum it Up

All in all, flex spaces are ideal for large and small businesses as you can customize them to meet your business needs.

To learn more about how you can find flex space take a look at our current locations or reach out to us today.