INDUSTRIAL PROPERTIES: HOW TO DEFINE THEIR PRICE?

Industrial properties: how to define their price?

Currently, there is an average standard for wineries that has been improving, thanks to important influences such as the arrival of specialized logistics parks in more advanced markets than ours.

This has provided a remarkable level of competitiveness for our country and several options for clients who require warehouses adapted to their needs.

Among the factors that influence the prices of industrial properties, which can play for or against the value of the property are:

1. Physical and technical characteristics of the property. Elements such as area, height, space between columns, the resistance of floors, and a number of springs, among others.

2. Location, access roads, type of users of the industrial park, etc.

3. Type of lease. A long-term contract with no early exit with an above-market rate per square meter and an AAA-rated tenant adds a lot of value to the property.

David Castro, a specialist in industrial real estate at CBRE Colombia, comments: “If a company requires a space of the highest specifications in an intermediate or small city, it will probably not find it already built, but it will have investors willing to build. To measure and rent it long term. In this case, the development costs would be passed on to the user in a sale / rental value above the average”.

When investing in a property, whether industrial or not, the most important thing is to be clear about the objective of your investment, what is the expected return, what type of risks you are willing to take and what budget you have.

By analyzing in detail the risk profile and profitability requirements, it is possible to recommend a certain type of investors seeking to ensure flows from the rent of space and at the same time have appreciation perspectives. If you do not have the financial muscle, there are several investment fund alternatives that have experienced personnel in this decision making.