CAPTURING MARKET DEMAND

BUILT addresses a $2.3B annual market gap by delivering modern, industrial workspaces to underserved small businesses across high-growth Midwest markets.

The Market Opportunity

Small businesses need small industrial space. Almost nobody builds it. That gap is what BUILT is built for.

Demand keeps rising

96%
Occupancy in existing small bay flex properties
67%
Of manufacturers need under 20,000 sq ft
+20%
Employment growth in trades, auto repair, wholesale and small manufacturing over the past decade

Supply keeps shrinking

0.3%
Of existing stock is under construction nationwide
115M
Sq ft of small industrial space demolished in the last decade
+3%
Total inventory growth in ten years
Vacancy rate
Small bay industrial3.4%
All industrial space7–8%

Space under 50,000 sq ft sits about half as empty as industrial space overall — roughly the vacancy rate of New York City apartments. Quality space leases as fast as it opens.

$2.3B of demand a year, and nobody is building for it.

Developers chase big-box warehouses for enterprise tenants. In Charlotte, a market much like BUILT's Indiana footprint, 79% of industrial space absorbed in Q1 2024 came from leases under 100,000 sq ft — while new 400,000 sq ft facilities sat empty.

Market Research & Sources
Personal Warehouse | “Small-Bay Industrial 2025 Trend Report: Micro-Bay Flex Space Is Booming,” 2025 — View reportSource for small-bay vacancy, overall industrial vacancy, square footage demolished, ten-year inventory growth, share of stock under construction, and employment growth.
Colliers International | Charlotte Industrial Market Report, Q1 2024 — View reportSource for Charlotte Q1 2024 absorption from leases under 100,000 sq ft.
Mainstreet Development | Proprietary market analysis, 2026. Available on request.
All market data current as of publication date. Past performance does not guarantee future results.

BUILT FOR BUSINESS. BUILT FOR YOU.

Unmet demand
$2.3B
Annual gap in small bay flex industrial space nationwide
Vacancy rate
3.4%
Tightest market conditions in decades — nearly all quality space is leased
Avg occupancy
96%
Existing small bay properties consistently achieve near-full occupancy
Development yield
8–12%
Target yield on cost — healthy margins without relying on above-market rents
Build time
6 mo
From groundbreaking to completion — rapid deployment, faster returns
Units per development
45–60
Diversified tenant base minimizes vacancy exposure per location

At BUILT, we provide more than space - we create opportunities. Our mission is to deliver secure, affordable, and professional spaces where small businesses. service companies. and individuals can thrive.

WHY INDUSTRIAL WORKSPACES?

Industrial workspaces have proven remarkably resilient across economic cycles, making them an attractive option for risk-conscious capital: unlike retail or office space, these facilities serve essential businesses—contractors, manufacturers, service companies, and logistics operators—that continue operating regardless of broader economic conditions, which sustains consistent tenant demand even through downturns, as demonstrated by the sector's performance through both the 2008 financial crisis and the 2020 pandemic disruption.

Key Performance Indicators

Key Performance Indicators

Remained stable through recent recessions with minimal occupancy decline
Consistently high occupancy during downturns averaging 90%+ even in challenging markets
Top-quartile rent collection performance exceeding most commercial real estate sectors
Essential to local economies serving businesses that provide fundamental community services

6-Month Build Time

Rapid deployment enables faster returns on investment

600–1,200 Sq Ft

Unit sizes serve the underserved middle market segment

35–60 Units

Diversified tenant base minimizes risk and vacancy exposure

Versatile Uses

Flexible design maximizes market appeal and tenant retention

Mainstreet logo featuring four interlocking, multicolored squares with a white cross in the center and the word 'Mainstreet' in gray text.

THE MAINSTREET
ADVANTAGE

BUILT operates as a specialized vertical of Mainstreet, a multi-vertical real estate company with decades of proven experience across residential, commercial, and specialized care sectors. This partnership provides BUILT with institutional-quality infrastructure, financial stability, and development expertise that would typically take years for a standalone operator to establish.

Mainstreet's track record of successfully developing and managing over $280M in real estate assets across multiple verticals demonstrates the operational capacity and financial strength that supports BUILT's aggressive expansion strategy.

Proven Track Record

Decades of development experience with $280M+ portfolio under management

Financial Strength

Strong capital backing enables strategic growth and facility improvements

Operational Excellence

Systems and processes refined across multiple property types and verticals

VISIT MAINSTREET

PARTNER WITH US

Ready to grow together? Connect with our team to discuss the opportunity.

SCHEDULE MEETING
Exterior view of a commercial building with gray and red siding, black awnings above doors, and black safety bollards along the sidewalk, under a partly cloudy sky.