What type of properties typically falls under the definition of industrial sales?

Industrial sales refer specifically to properties that are used for industrial purposes, which includes activities related to manufacturing, warehousing, logistics, and production. Warehouses and manufacturing facilities are central to industrial sales because they serve as the backbone of industrial operations, providing the necessary space for storing goods and materials, as well as for producing products.

Properties in this category are specifically designed to accommodate the needs of businesses involved in these sectors, such as loading docks, high ceilings, specialized electrical installations, and access to transportation routes. Understanding this classification is crucial for those involved in real estate transactions, as it caters to a distinct market with specific requirements and regulations that differ significantly from residential or agricultural properties.

In contrast, single-family homes, agricultural lands, and condominium units serve different purposes and target different buyer demographics, which is why they do not align with the definition of industrial sales. Single-family homes are designed for residential living, agricultural lands are focused on farming operations, and condominium units cater primarily to residential buyers looking for ownership of multi-family housing.