Interested in opening up a discussion on Industrial Warehouses, specifically the construction method/type when comparing tilt panel vs a combination. For reference, see the attached image.
Tilt Panel: Set on a reinforced concrete base, all Concrete walls, typically steel roof.
Combination: Set on a reinforced concrete base, concrete walls extend only to a particular level (say 2.7m for security) then steel frame and cladding to top height, typically steel roof.
For members who are experienced in this type of development, I would be interested to hear your opinion on the following queries;
1) Cost difference between the two types of construction.
From my understanding, the turn-key cost of a tilt panel warehouse is between $1100 - $1300 depending on the finish. For the combination warehouse, it is slightly lower at $700 - $900. From your experience, how realistic have you found these figures to be?
2) On-going Maintenance
As the landlord is generally responsible for repairing and maintaining major structural aspects of the building including the roof, is there any benefits of one style over the other?
3) Perceived Value
This could be broken up into three parts
- Perceived Value from financiers (valuers)
- Perceived Value from tenants
- Perceived Value from future investors/buyers
For the points above, if we can assume that both warehouse styles provide the necessary security for the leasee due to the height of the base concrete walls, then does it really matter what the upper section of the warehouse is constructed from?
Does anyone here believe that either type of warehouse generally outperforms the other in terms of the ability to obtain a leasee and valuation, or is there no real difference between them?
If you think there are other points that I should add to this discussion, please send them through!
Thanks in advance for your comments and opinions.