Richmond BC warehouses are in demand by business owners and investors.
The market for warehouses and commercial and Industrial properties in general are very different from residential properties. The capital appreciation for such properties is keeping pace with the rate of inflation. And in areas of high growth, the appreciation in property values is much higher.
Warehouses that are built to cater to business owners are designed to provide a show room at the front and warehouse space at the back of the building. Most also have office space on the mezzanine floor or second floor just above the showroom.
The smaller Richmond warehouses have between 1,500 to 1,800 sq ft on the ground floor and between 500 to 750 sq ft on the mezzanine or second floor.
The market activities on warehousing are centered on the sale and leasing of warehouses to business corporations and business owners.Business owners prefer to own their own premises if ownership makes more sense to them.
Business corporations that are established and profitable will want to buy their own business premises rather than continue to pay rent for their warehouses. Click here to view some richmond warehouses available for sale or lease.
Warehouse Financing
Unlike residential properties, the financing and capital appreciation of industrial buildings and warehouses are different from residential properties. For some real estate investors, there are certain aspects of commercial and industrial property investments that are appealing to them.
If you are interested to have more information on strata warehouses or industrial buildings for sale or for lease in Richmond, you are welcomed to contact James Wong at 604-721-4817.
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