Brokers Help Find the Best Industrial Property for Lease

Finding industrial property for lease can be difficult, but with the additional aid of a qualified brokerage firm, it doesn’t have to be. When a company consults with brokers who are claiming to offer leasing for industrial properties, it is vital to research the brokers to ensure they will have the skills and the properties necessary.

Time in the Business

Leasing industrial properties is not an area where all brokers are going to have experience, and this can be damaging for anyone who chooses the wrong broker. It is important to know how long the company has been in business, as well as how much experience the broker working on the lease has. Without experience to act as a guide for those brokers, there is a chance that the properties they are offering aren’t going to be the best option. A broker should never rush through locating a property. He or she must ensure that it is the best property for the client.

In addition to the experience of the company and brokers, finding out how long they’ve been able to retain clients is beneficial. Companies that have long-term, large clients are usually going to be trustworthy. After all, other businesses wouldn’t still be using their services if they weren’t.

What Size and Type of Properties are Available?

Different industries will certainly have different needs when it comes to the size and type of facility available. Finding properties of the right size is important for a number of reasons. Choosing a small facility may well hamper production and distribution. Those who need to have warehouse space for storage or additional production space will not be able to get by with too little space. On the other hand, too much space will be just as bad. Paying for more space than necessary is useless and a waste of money.

Finding properties that are the right type if vital as well. The brokerage firm should be able to offer properties for manufacturing and production, assembly, research and development buildings, warehouses, and distribution centers.

The leasing company should be able to ensure that each company finds a space that is correct for their needs in terms of space and property type. Having experience and knowing the local area are vital in this endeavor.

For Owners

Those who own industrial property should also consider using the services of a qualified broker. The broker will be able to lease the property and take away all of the frustration and worry often associated with it. In addition, many of the brokerage companies can find buyers for industrial properties as well. This is a good and viable option for those who no longer want to deal with owning an industrial property.

By determining one’s needs, whether it is for a manufacturing plant or a distribution center, makes the process of finding the best industrial property for lease much simpler. Having a list of requirements, including space, will help to speed up the search for the right property.

National Treatment of Industrial Property

Each country party to the Paris Convention must grant the same protection to nationals of the other member countries as it grants to its own nationals. The relevant provisions are contained in Articles 2 and 3 of the Paris Convention. The same national treatment must be granted to nationals of countries which are not party to the Paris Convention. This national treatment rule guarantees not only that foreigners will be protected, but also that they will not be discriminated against in any way. It would frequently be very difficult and sometimes even impossible to obtain adequate protection in foreign countries for inventions, trademarks and other subjects of industrial property without this rule.

The national treatment rule applies first of all to the nationals of the member countries. The term “national” includes both natural persons and legal entities. The status of being a national of a particular nation may be difficult to determine. Generally, no nationality as such is granted to legal entities by the various national laws. There is of course no doubt that State-owned enterprises of a member country or other entities created under the public law of such nation are to be considered as nationals of the member country concerned. Legal entities created under the private law of a member state will usually be considered a national of that country.

Any requirement of reciprocity of protection is excluded. Supposing that a given member country has a longer term of patent protection than another member country. The former country will not have the right to provide that nationals of the latter country will enjoy a term of protection of the same length as the term of protection is in the law of their own country. This principle applies not only to codified law but also to the practice of the courts and to the practice of the Patent Office of the country.

The application of the national law to the national of another member country does not prevent him from invoking more beneficial rights specially provided in the Paris Convention. These rights are expressly reserved. The national treatment principle must be applied without prejudice to such rights. Article 2 states an exception to the national treatment rule. Article 3 provides for the application of the national treatment rule also to nationals of non-member countries. If there is no domicile, there may still be an industrial or commercial establishment which gives a person the right to national treatment.

Securing Commercial and Industrial Properties

Commercial and industrial properties are not the most glamorous investments, but if they pass muster with the Canada Pension Plan and other institutional investors, why not with you? Buying an office building or warehouse is more complex than buying the average home, but with leases typically running for years at a time, you stand a good chance of enjoying a more stable cash flow than you would from residential properties. The trick is finding the opportunities, especially if you’re just starting out. Although anyone can relate to residential housing, investing in commercial and industrial properties requires preparation and the help of experienced advisers.

Assessing liquidity

A property’s liquidity – its ability to be sold – is more important in assessing the long-term potential of non-residential assets than homes and apartments. But it is also more complex to determine, depending on your familiarity with the several factors at play. Most residential buyers, for example, don’t examine trends in a specific industry to determine where to buy a home. But you’ll want to study the demand for retail space in a community if you’re buying a strip mall, or examine commodity price trends if you’ve been offered a warehouse previously used by the forest sector. Are you up for the challenge?

An asset’s liquidity is a function of its attractiveness and appeal to investors, perhaps even more than market cycles. An asset in Montreal, for example, will tend to have greater liquidity than a property in Corner Brook – not because Corner Brook is a bad place to invest, but because Montreal is a larger centre with a more diverse economy and, in short, more opportunities for the use of the property. Properties that can deliver a greater return than more expensive assets will also enjoy healthy liquidity, regardless of how the broader market is faring.

The greater the future demand for a property, the better your chance of seeing a return when the time comes to sell – whether that’s next year or five years away. Factors to take into account include

  • The property’s proximity to properties used by similar or complementary businesses
  • Prospects for the growth of the sector the property serves
  • The economic strength of the community in which the property is located
  • The property’s proximity to transportation networks that may enhance its appeal to users in a sector other than that of the current user

For example, a port is a good location for a warehouse, but an office building located nowhere near other offices might be a hard sell to potential tenants and therefore future buyers.