A flex property, short for flexible property, is simply a hybrid of office and industrial space. For anyone interested in commercial real estate investing, this is an important term to know.
These buildings can stand-alone or be located in dense, single story industrial parks. The typical layout for a tenant includes an office space up front, with storage/warehouse space in the back. The versatility of these spaces attracts a wide variety of businesses; a few examples being construction, manufacturing, e-commerce, medical and logistical distribution. The ability to have a space for office, warehouse and manufacturing all under one roof is just one of the reasons the flex product type has been so successful.