Flex space is an industrial property that can be easily converted and normally includes a mix of both industrial and office space.
Flex space can also be considered mixed-use.
Flex buildings are, by design, “flexible” and allow for a wide range of office and warehouse uses. They can be used for many purposes and are easier to retrofit to meet a company’s needs than typical warehouse buildings.
This flexibility is ideal for a wide range of companies that need office space with a warehouse component. Flex buildings usually have slightly-lower ceiling clear height (14 – 24 ft clear) and have a larger percentage of office space than a typical distribution warehouse building. They also have more parking and nicer landscaping than other industrial buildings.
Most flex buildings have some type of overhead loading doors, but tenants should be sure the loading situation works for their use. The loading areas in flex buildings can be dock high, or grade-level (ground-level), and older buildings may even have semi docks (2 ft) that can accommodate smaller box trucks and vans.
Flex space can work well for value office tenants like start-ups, because the rates are typically much lower compared to traditional office space and can accommodate more parking than bulk warehouse buildings.
Research and Development Uses
Flex buildings are often preferred by companies doing research and development in the technology and biotechnology industries.
Research and development spaces are usually a mix of office, testing areas and smaller warehouse space, depending on the needs of the tenant. They usually require slightly more power than typical flex space for testing equipment and can sometimes be highly specialized.
For example, a 40,000-sf electronics tenant may have a 10,000-sf office space for their executive, administrative and sales teams at the front of the building, with 20,000-sf of warehouse for product manufacturing and storage, and 10,000-sf of space set up as an electrical testing lab.