Diversified tenants. Stable income.
Why Flex and Small Bay?
While the leasing velocity of modern bulk assets has slowed, small-bay and flex properties are thriving.
The clearest differentiation is building depth. Modern bulk assets are often too deep to economically demise for tenants under 50,000 SF, and not functional below 30,000 SF. This makes smaller-bay industrial assets a far more compelling investment opportunity, offering:
- Diversified tenant rosters
- “Granular” rent rolls
- Minimal turnover risk
Many sellers are long-term private owners who may be under-managing their properties and leasing space below market rates—creating significant value-add potential.
Nimble assets. Stable tenants.
Our investments often focus on flexible and small bay industrial spaces – a fast-growing segment driven by e-commerce, light manufacturing, and last-mile delivery. These properties offer high occupancy rates and long-term tenant demand.