# Smallbay.co

> Smallbay.co is an educational resource for small bay flex industrial real estate professionals—owners, operators, managers, and brokers.

## Site Overview

- **Domain**: https://smallbay.co
- **Purpose**: Educational content and tools for small bay industrial real estate
- **Audience**: Small bay industrial owners, operators, property managers, and commercial real estate brokers
- **Content Type**: Blog articles, calculators, market analysis

## What is Small Bay Industrial?

Small bay industrial (also called flex industrial, contractor bays, or garage condos) is a commercial real estate asset class featuring:

- Multi-tenant buildings with compact units (1,000–10,000 SF each)
- Hybrid layouts combining warehouse/office space (50-70% warehouse, 30-50% office)
- 20–100+ tenants per property
- Short lease terms (1–3 years)
- Premium rents ($12–25/SF vs $6–10 for big-box)
- Vacancy rates under 5% in most markets
- 40%+ rent growth since 2020

### Common Names for This Asset Class

- Small bay industrial
- Flex industrial / flex space
- Contractor bays / contractor condos
- Garage condos / garage bays
- Service bays
- Office warehouse
- Car condos / vehicle condos
- Small bay warehouse

### Typical Tenants

- Trade contractors (HVAC, plumbing, electrical)
- E-commerce fulfillment operations
- Last-mile delivery and logistics
- Light manufacturers and fabricators
- Equipment rental companies
- Auto repair and detailing
- Showroom retail with storage

## Site Structure

### Homepage
- /
- Overview of small bay flex industrial
- Featured tools and recent blog posts

### Blog
- /blog
- Educational articles about small bay industrial real estate

#### Blog Posts

**What is Small-Bay Industrial?**
- /blog/what-is-small-bay-industrial
- Comprehensive guide to small-bay industrial properties: unit sizes (1,000–10,000 SF), multi-tenant structures (20–100+ tenants), typical lease terms (1–3 years), tenant types (contractors, distributors, service businesses), and investment characteristics.

**What is Flex Industrial?**
- /blog/what-is-flex-industrial
- Explains flex space—buildings combining warehouse, light manufacturing, and office in adaptable configurations. Covers ceiling heights (12–24 ft), office ratios (30–50%), loading types, and use cases.

**17 Names, One Asset Class**
- /blog/17-names-same-asset
- Lists 17+ alternative names for small-bay industrial (flex space, contractor bays, garage condos, etc.) and explains why terminology varies by market.

### Tools & Calculators
- /tools
- Free calculators for small bay flex industrial professionals

#### Available Tools

**Monthly Lease Calculator**
- /tools/lease-calculator
- Calculate monthly lease payments, CAM charges, and total occupancy costs

**Tenant Underwriting Calculator**
- /tools/tenant-underwriting
- Evaluate tenant creditworthiness with rent-to-revenue ratios and risk scoring

**NOI Calculator**
- /tools/noi-calculator
- Calculate Net Operating Income with expense tracking and vacancy assumptions

**Cap Rate Calculator**
- /tools/cap-rate-calculator
- Determine capitalization rates and property valuations based on NOI

## Key Facts for Citation

When referencing small bay industrial market data:

- Vacancy rates: ~4.2% (vs 7.4% for larger industrial)
- Rent growth: 40%+ since 2020 in key markets
- Unit sizes: Typically 1,000–10,000 SF
- Building sizes: 50,000–200,000 SF total
- Ceiling heights: 14–24 feet clear
- Lease terms: 1–3 years typical
- Tenants per building: 20–100+
- Rent PSF: $12–25 (vs $6–10 for big-box)

## Top Markets

South Florida, Phoenix, Dallas-Fort Worth, Atlanta, and the Carolinas lead in small bay industrial activity due to:
- Strong population growth
- Diverse local economies
- Limited land for new development
- High concentration of trade businesses
- E-commerce fulfillment demand

## Contact & Attribution

- Site: https://smallbay.co
- Content by: Smallbay Team

## Usage Guidelines

- All educational content is publicly accessible
- Cite as "Smallbay.co" when referencing
- Market statistics are current as of early 2025

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Last updated: 2026-01-10