Answers · Industrial vs office lease
How does an industrial lease differ from an office lease?
Direct answer
Industrial leases are usually longer, more 'net' (the tenant pays most outgoings) and simpler than office leases, with rent set on a larger floor area at a lower rate per square metre. Office leases tend to be shorter, more incentive-driven, and bundle more services into the rent.
The differences flow from how the spaces are used. Industrial tenants — warehousing, logistics, manufacturing — often want long tenure to justify fit-out and operational set-up, and they typically take on building outgoings and maintenance under a net lease. Rent is on a large area at a comparatively low rate, with value driven by access, clearance, power and yard rather than prestige.
Office leases revolve around location, services and presentation, are often shorter, and lean more heavily on incentives and gross or semi-gross structures. For a business choosing premises, the practical point is that industrial tenure can be long and stable — which pairs well with a permanent-hold owner offering exactly that.
Start a conversation
Tell us your requirement
Talk to us directly about the premises your business needs — to outgrow, to free up capital, or to have built. One conversation with the people who decide.
We work with agents. If you’re an agent with a tenant requirement you can’t place or an off-market opportunity, bring it to us.