From large to small bay, industrial acquisitions vary according to asset size and market

Vacancy and lease rates are often reported as though all industrial buildings are the same, but there is a wide range of assets in the sector, from mammoth one-tenant warehouses to small bay buildings with multiple tenants.

Investment opportunities and preferences vary according to asset size and market, industry professionals say, as do prospects for growth and availability. Single-tenant, large bay warehouses with 500,000 square feet attract a different type of investor than a small bay, 50,000-square-foot building with multiple tenants.