At Basis Industrial, we are a vertically integrated real estate owner and operator, specializing in small bay/multi-tenant industrial assets, a niche within the industrial sector that continues to see strong demand.
Small bay/multi-tenant industrial assets are essential for businesses needing flexible, well-located properties. Unlike larger industrial properties that rely on a few major tenants, small bay assets attract a diversified mix of businesses, reducing exposure to economic fluctuations and maintaining stable occupancy.
According to Newmark’s Q3 2024 U.S. Industrial Market Conditions and Trends report, industrial spaces under 100,000 square feet, including small bay assets, represent 41.6% of the industrial market (the largest in terms of share of inventory) and have a vacancy rate of only 4.3%. The success of small bay warehouses can be attributed to limited new construction within this sector, making existing spaces increasingly valuable and in high demand.
How Small Bay Properties Meet Business Needs
Different industries require different features in their space:
- E-commerce & Logistics – Last-mile distribution centers and micro-fulfillment hubs
- Tech Startups – High-speed internet, quiet workspaces, and scalable office configurations
- Retail Businesses – Visibility and foot traffic in mixed-use environments
- Trades & Service Providers – Functional warehouse space with easy access to highways
- Light Manufacturing – Smaller-scale production with adaptable layouts
Basis Industrial strategically acquires and develops properties that cater to these diverse tenant needs, ensuring long-term value and stability across market cycles.
We currently own over 13.5 million square feet of self-storage, industrial, and mixed-used properties. Active markets for Basis include Florida, Pennsylvania, New Jersey, New York, Texas, Alabama and select urban markets nationwide, such as Boston and Los Angeles.
BaySpace: The Property Management Arm of Basis Industrial
BaySpace, the property management arm of Basis Industrial, provides hands-on property management and leasing services across our small bay industrial portfolio.
With locations in key Florida markets—including Medley (near Miami), Orlando, Winter Springs, St. Petersburg, Tampa, and Melbourne—BaySpace ensures that businesses can easily secure space in high-demand areas.
BaySpace is more than just a leasing provider—it fosters a collaborative business environment by offering:
- Shared amenities that support business growth
- Networking opportunities for tenants
- Flexible lease structures that accommodate business expansion
- 24/7 secured access and advanced property management technology
This focus on community and flexibility makes BaySpace an ideal choice for startups, growing enterprises, and established businesses seeking high-quality industrial space.
Basis Industrial: A Leader in Small Bay Industrial
Basis Industrial’s strategic investments and property management expertise continue to drive growth in the small bay industrial sector. Our achievements include:
- Ranked No. 1 fastest-growing company in 2023 by the South Florida Business Journal (for companies with revenue over $25M)
- Ranked No. 3 in 2024 by the South Florida Business Journal
- Winner of the Commercial Observer Breakthrough Awards in the Industrial Transaction of the Year category (2024)
About Basis Industrial
Basis Industrial is a vertically integrated real estate owner and operator formed by industry veterans and sponsors Jay Massirman, Stephen Garchik and Daniel Weinstein. Anthony Scavo runs day-to-day activities of the company, serving serves as managing partner. Together they have over 100 years of combined Real Estate Development and Management experience. Basis currently owns more than 5 million square feet of self-storage and industrial real estate, with an additional 3 million to 4 million square feet expected by the end of the year, including 1.7 million square feet set to close in Q1 2025 alone. Active markets for Basis include Florida, Pennsylvania, New Jersey, New York, Texas, Boston, Los Angeles, Alabama and select urban markets nationwide. In total, the sponsors have developed and managed over 15 million square feet of real estate assets including self-storage, industrial, retail, office and residential. BaySpace is the property management arm of Basis. In 2023, Basis Industrial was ranked the No. 1 fastest-growing company by South Florida Business Journal. In 2024, Basis was the winner of Commercial Observer’s Breakthrough Awards in the Industrial Transaction of the Year category. For more information, visit www.basisindustrial.com or www.bayspace.com.