EXPENSES No.... M. Broker. . Associate broker.. Date. A few other forms which might be desirable to use are here Janitor Hall Boys Phone Elec. & Gas RENTS Taxes Rental File-Entire Building Card (Reverse) CHAPTER LIX SELLING INDUSTRIAL PROPERTY By GEORGE J. DALY 1 Most industries begin in a small way and as they grow remain in the same places until they come to the stage of expansion where they use large amounts of raw material and are confronted with the conditions of labor, power, and those other factors which have to do with the economical assembling and distributing of their product. Then they frequently seek to relocate in communities favorable to the greatest economy in the conduct of their business. So it is that in selling industrial property one is not only selling a particular factory on a particular plot of ground, or a particular acreage for the erection of a plant, but is selling a community, transportation facilities, labor conditions, housing, power, banking facilities, and many lesser things which go to make up the sum total of the cost of producing and distributing the product of the manufacturers to whom one is seeking to sell the property. Considerations Which Influence Location of an Industry. When the directors of a concern reach a decision to purchase a larger plant, or to locate in another section, they probably have studied the facilities and advantages which their competitors enjoy and consequently have a picture in their minds of a factory in a location better than that of their rivals. The needs of manufacturers differ widely. They may want a better labor district; to be on a more prominent street; to 1 George J. Daly, Jersey City, N. J., is a realtor specializing in industrial properties. He began in the real estate business, working for his father, at the age of fourteen. At the age of nineten he had his own business. He has handled some of the large transfers of industrial property in his city. |