Optimal Flex Bay Size? · Small Bay Industrial Basecamp

Optimal Flex Bay Size?

I'd love some real-world advice. We're planning a 45,000 SF flex building on 4 acres in Holly Springs, NC, in an affluent, established business park adjacent to $1M+ homes. We think the best opportunity is serving smaller contractors, but I'm trying to determine the ideal bay size.

I've seen projects with bays as small as 1250 SF, but I'm concerned about the added build-out costs, management, and tenant credit. On the other hand, 2,500–5,000 SF bays are much more efficient, but the total rent may price out some of the target tenants.

For those who have developed or leased this product, where have you found the sweet spot?

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Optimal Flex Bay Size?