Richmond commercial and Industrial properties are very different from residential properties as the buyers or tenants of these properties are business corporations or business individuals. The first group of buyers are business corporations or owners who prefer to own their own premises if ownership makes more sense for them.
The other group of buyers are investors who are seeking long term capital appreciation. There are certain aspects of such investments that are appealing to them.
Unlike residential properties, the financing and the rate of capital appreciation for industrial buildings and warehouses are different from residential properties.
Richmond Warehouse Sales And Leasing
One of the most active commercial and industrial property market segments in Richmond is warehousing. The market activities on wareshousing are centered on the sale and puchase of warehouses, and leasing of warehouses to business corporations and business owners. When the business operations of warehouse tenants are more establised and profitable, these tenants will want to buy their own warehouses rather than continue to pay rent.
Warehouses that are built to cater to business owners are designed to provide a show room at the front and warehouse space at the back of the building. Most also have office space on the mezannine floor or second floor just above the showroom. Most Richmond's warehouses have between 1,500 to 1,800 sq ft on the ground floor and between 500 to 750 sq ft on the mezanine or second floor.
If you are interested to have more information on strata warehouses or industrial buildings for sale or for lease in Richmond, you are welcomed to contact James Wong 604-721-4817..