Industrial land is fairly straight forward in it’s basic definition whereas it is land that is zoned industrially, but does not have any permanent structure on its premises.
A site like this doesn’t always have to have a building on its grounds in order for an industrial business to operate. The land may be used for purposes such as parking equipment, storing gravel or mulch, or any other surface operation.
Investing in industrial land also gives you the opportunity of building from the ground up. Vacancy rates in the Industrial sector of commercial real estate have been historically low, so building a structure on your industrial site carries a much lower risk of having long-term vacancies than that of other commercial real estate developments.
Owning a piece of industrial land also gives an investor the option of advertising a build to suit type opportunity where the landowner pays the upfront construction costs of a build that meets the tenant’s specific requirements, and then leases the space to the tenant upon the project’s completion.
If you own industrial land there are a couple of good routes you can take in order to gain the most from your development. When developing anything, it is always important to assess where your market’s local demand lies.