When you change careers to Commercial Real Estate there are many realtors that work in specialties. Each specialty requires knowledge in that industry and what that field will need in terms of land, transportation, utilities, workforce, and expansion.
Manufacturers are a unique breed in the world of commercial real estate clients.
When you work for a manufacturing company execute looking to buy or sell a factory you need to be knowledgeable about the important aspects of the factory’s physical space. For example, you need to understand what the floor load is in the building’s various floors. Because it is important that the floor be able to withstand heavy loads such as fork lifts and other equipment. Floor loads are usually expressed in pounds per square foot.
The ceiling height is important to potential buyers because they may need to add equipment in the future that may be very tall.
How do you get raw materials and other materials into the manufacturing plant and how do you get the finished product out are key concerns?
Manufacturing plants especially the construction of a new facility sometimes gets caught up in a NIMBY situation. Nimby stands for Not In My Back Yard. In other words, the community may fight to be sure the factory does not get built because it usually decreases the value of nearby homes, causes congestion with trucks moving in and out, could cause noise and pollution. So, a commercial real estate agent needs to be mindful of what the community’s position is on the transaction because they community can kill the deal and as a result, kill the commission.
If you want more information on becoming a Commercial Real Estate Agent please see the services tab watch for my public speaking engagements.
