How are industrial sites classified based on their adaptability to other uses?

Industrial sites are classified based on their adaptability to other uses by considering whether they serve a general purpose or a special purpose. General-purpose industrial properties are designed to accommodate a wide range of manufacturing, warehousing, and distribution activities, making them easily adaptable for various uses if market conditions change. On the other hand, special-purpose industrial properties are built for specific functions or operations, meaning they typically have features tailored to particular industries and may not be easily repurposed for other uses without significant modifications.

This classification is critical for investors, developers, and urban planners as it influences property valuation, marketability, and potential future uses. Understanding the adaptability of an industrial site helps in analyzing its long-term viability in a changing economic environment. Other classifications, such as those based on location, size, market value, accessibility, or construction materials and design, may give insight into different aspects of industrial properties but do not directly address adaptability to alternative uses.