Chad Griffiths & author Cody Payne unpack the entire flex/small-bay industrial playbook—from what “flex” actually means, to development models and costs, leasing strategy, underwriting, and the real risks to watch. If you’re eyeing contractor garages, incubator space, showroom-style flex, or multi-tenant “multifamily of industrial,” this episode is your field guide.

Key Takeaways

• ​“Flex” is today’s label for small/shallow-bay multi-tenant industrial—think 1,000–5,000 SF bays with ~10% office.
• ​Development models range from bare-bones metal to showroom and premium; costs scale fast with glass, height, finishes, yards, mezz.
• ​Showroom models (18–20’ clear, strong frontage) often drive rent growth and resale value

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