Tired of the office market slump? Discover the real hot spot in commercial real estate: small bay flex industrial. Join host David Shaw on The Rise of Small Bay Flex Industrial as he interviews industry leader Cody Payne. Cody reveals the secrets behind this booming sector, explaining why it's outperforming traditional office spaces and offering incredible investment potential. Learn about the funding landscape for flex space, the unique advantages of this asset class – from its adaptability to its efficient design – and how it differs from self-storage. David and Cody delve into the intricacies of building, managing, and selling flex industrial properties, tackling key topics like commercial real estate insurance, triple net leases, and leveraging bonus depreciation. They also explore current market trends and discuss future opportunities in the small bay flex industrial market. Whether you're a seasoned CRE investor, a real estate developer, or simply curious about the future of commercial real estate, this episode is a must-listen. Cody Payne is Senior Vice President at Colliers International with is team focusing on office and industrial investments across the US. Cody's team have closed more than 1,000 CRE transactions, working with many major companies from local/regional to Fortune 500. www.FlexBusinessParks.com
Takeaways
It takes time to find your niche in commercial real estate.
The office market is facing challenges, especially for larger spaces.
Small bay flex spaces are becoming increasingly popular post-COVID.
Flex spaces offer diverse tenant opportunities and uses.
Triple net leases are becoming more common in flex space.
The demand for flex space is growing in suburban areas.
Flex space is a resilient investment option in today's economy.
Small Bay Industrial Management is generally easier to manage.
Triple net leases shift maintenance responsibilities to tenants.
Flex spaces are currently in high demand in the market.
Investing in flex spaces can yield good returns.
Sound Bites
"I genuinely want to invest in it."
"The tenant pool is significantly larger."
"These are very good, very efficient investments."
"There's a huge need for flex in a lot of those areas."
"You don't hear that very often in the multifamily world."
"They're the hottest commercial real estate asset right now."
Chapters
00:00 Introduction to Cody Payne and Small Bay Flex Industrial
03:04 Cody's Journey into CRE
06:13 Understanding the Commercial Real Estate Landscape
08:55 The Current State of the Office Market
12:11 Exploring Light Industrial Flex Space
14:49 Investment Opportunities in Flex Space
17:52 Funding and Financing in Flex Space
20:59 The Future of Flex Space and Market Trends
37:58 Building and Selling Flex Spaces
40:10 Navigating Insurance Challenges
41:58 Managing Flex Spaces Effectively
46:07 Understanding Triple Net Leases
48:56 Selling Flex Spaces: Market Insights
50:58 Bonus Appreciation in Real Estate
55:03 Commercial Real Estate Outlook
59:03 Personal and Business Goals for 2025
Keywords
Cody Payne, small bay flex industrial, commercial real estate, investment opportunities, office market, light industrial, flex space, funding, financing, market trends, flex spaces, commercial real estate, insurance, property management, triple net lease, bonus appreciation, market insights, investment strategies, personal goals, business goals
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