Green Bay, Wisconsin, offers a thriving business environment, particularly for industrial operations. Finding the right industrial space for lease can be challenging, but understanding the market and knowing where to look can significantly improve your chances of success. This comprehensive guide will help you navigate the Green Bay industrial real estate market and locate the perfect facility for your business needs.
What Types of Industrial Space are Available in Green Bay?
Green Bay's industrial landscape is diverse, catering to various business sizes and needs. You'll find a range of options, including:
- Small-scale warehouses: Ideal for startups or businesses with limited storage requirements. These spaces often come with basic amenities and may be located in smaller industrial parks.
- Large-scale distribution centers: Perfect for businesses needing extensive storage and handling capabilities, often featuring high ceilings, loading docks, and ample parking.
- Manufacturing facilities: These spaces are designed to accommodate specialized machinery and equipment, often with features like heavy power supply and floor drainage.
- Flex space: Versatile spaces that can be adapted to suit various needs, often combining office and warehouse areas. These are a good option for businesses that require both workspace and storage.
- Cold storage facilities: Essential for businesses dealing with temperature-sensitive goods, requiring specialized climate control systems.
What are the Typical Lease Terms for Industrial Space in Green Bay?
Lease terms for industrial spaces in Green Bay vary depending on several factors, including property size, location, and market conditions. Common lease terms include:
- Lease length: Typically ranging from 1 to 10 years, but longer-term leases are often negotiated for larger facilities.
- Rent: Usually calculated per square foot, and adjusted based on market rates and the amenities included in the property.
- Expenses: Net leases (NNN) are common, where the tenant is responsible for property taxes, insurance, and common area maintenance (CAM) charges. Gross leases (where the landlord covers these expenses) are less frequent.
- Options to renew: Negotiable clauses in the lease may provide the tenant with the right to extend the lease for a specified period at a pre-determined rate.
How Much Does Industrial Space in Green Bay Cost?
The cost of industrial space in Green Bay is heavily influenced by factors such as location, size, amenities, and market conditions. Expect to pay a competitive rate that reflects the current market. Consulting with a commercial real estate broker is recommended to gain an accurate understanding of current pricing.
What are the Key Considerations When Choosing Industrial Space in Green Bay?
Choosing the right industrial space is a significant decision. Here are some crucial factors to consider:
- Location: Proximity to transportation routes (highways, railways, airports), suppliers, and your target market is essential. Consider commute times for employees as well.
- Size: Ensure the space adequately accommodates your current and anticipated future needs. Allow for growth and expansion.
- Amenities: Consider necessary features such as loading docks, high ceilings, office space, and power supply. Specify requirements beforehand.
- Accessibility: Assess the ease of access for trucks and other vehicles, as well as parking availability.
- Zoning regulations: Confirm that the property is appropriately zoned for your intended business operations.
Where Can I Find Industrial Space for Lease in Green Bay?
Several resources can assist you in your search for industrial space in Green Bay:
- Commercial real estate brokers: Local brokers possess in-depth market knowledge and can help you find suitable properties.
- Online listings: Websites specializing in commercial real estate listings provide a vast database of available properties.
- Industrial parks: Many industrial parks in Green Bay house numerous facilities, providing a concentrated search area.
- Networking: Connect with other businesses and industry professionals to learn about potential opportunities.
By carefully considering these factors and using the resources available, you can successfully find the ideal green bay industrial space for lease to support your business's growth and success. Remember to engage a professional commercial real estate broker to navigate the complexities of the market and negotiate favorable lease terms.
