Urban industrial property is typically sold by which method?

Urban industrial property is typically sold by area, which refers to the process of determining the market value and potential use of the land based on its geographic and zoning characteristics. This method is particularly relevant for urban industrial properties due to the complexities involved in land use regulations, zoning laws, and the specific needs of industrial businesses.

Selling by area allows buyers and sellers to evaluate the property based on its location, accessibility to transportation networks, proximity to other industrial facilities, and potential for development. This is essential in urban settings where properties may differ greatly in value depending on their specific attributes and surroundings.

In contrast, public auctions and private treaties are more focused on individual transactions and may not take into account the broader context of the property's value in relation to other similar properties. Real estate syndication involves pooling resources from multiple investors to purchase larger properties, which may not specifically apply to the traditional sale of individual urban industrial properties. Hence, the method of selling urban industrial properties by area is favored for its alignment with the unique characteristics and market demands of such assets.