The Small Bay Industrial Show is a leading podcast focused on investing in small bay industrial real estate, also known as flex space. Brought to you by Flex Parks USA, the show delivers real-time market insights, trends, and strategies for investors, developers, and owners in the fast-growing small bay industrial sector.
Each episode features expert conversations with commercial real estate investors, developers, and operators, covering topics like small bay investing strategies, flex space development, site selection, leasing, tenant demand, and market performance.
Whether you’re actively investing or exploring opportunities in small bay industrial, flex space, or commercial real estate, this podcast provides the data, deal insights, and market intelligence you need to stay ahead in today’s evolving industrial market.
In this Market Pulse episode, Cody Payne breaks down some of the key stats driving the small bay industrial market and how they can help investors make better decisions when buying or evaluating a property.
Cody discusses why it is important to understand what tenant sizes are moving the most, which unit sizes are achieving the highest rental rates, and how market data can impact underwriting, leasing strategy, and overall property performance.
Staying up to date with Flex Parks USA and Small Bay Feasibility is one of the best ways to understand where the market is headed, what buyers and tenants are looking for, and how to evaluate opportunities in the small bay industrial space.
27 Aug 2026
How to Evaluate a Small Bay Industrial Site with Wayne Bares
In this episode, Cody Payne sits down with Wayne Bares, who leads Small Bay Feasibility, to talk about how to properly evaluate small bay industrial sites and markets.
Wayne and Cody have worked together for more than a decade, and Wayne has been the driving force behind Small Bay Feasibility’s market intelligence, data, and site analysis studies. He brings a deep understanding of what makes a site work, what can kill a deal, and what developers and investors need to watch before moving forward.
Cody and Wayne discuss current market insights, how to evaluate demand, what mistakes to avoid, and how to use data, competition, rents, demographics, and financial assumptions to make better decisions in the small bay industrial space.
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17 Aug 2026
Building Small Bay Industrial with Legacy Construction
Cody Payne sits down with Tyler Jones and Scott Bernie of Legacy Construction to talk about building small bay industrial parks.
Legacy Construction specializes in small bay industrial construction, but what makes their perspective valuable is that they are not just builders. They also own and operate small bay projects, giving them real-world insight into what works, what does not, and where new developers often make mistakes.
Cody, Tyler, and Scott discuss what developers need to understand before starting a small bay project, including construction planning, design decisions, cost control, tenant functionality, common mistakes, and how to build a project that actually works once it is completed.
10 Aug 2026
Cody talks with Will Skillman about small bay industrial and Small bay Basecamp
In this episode, Cody sits down with Will Skillman, a small bay industrial entrepreneur who came into the space from the mobile home park world. Will shares how he made the move into small bay industrial, what he has learned along the way, and why he sees opportunity in the asset class. Will also discusses Small Bay Basecamp, a community he created for small bay entrepreneurs, investors, and developers to connect, share ideas, ask questions, and talk through what is happening in the small bay world.
3 Aug 2026
What Self Storage Owners Should Know About Small Bay Industrial
In this episode, Cody breaks down what self storage owners need to know about small bay industrial and how the two asset classes are different.
While self storage and small bay industrial may look similar from the outside, the tenant base, leasing strategy, underwriting, construction, operations, and exit strategy can be very different. Cody discusses what self storage owners should understand before entering the small bay space, including how tenants use the units, how rents are structured, what investors look for, and why small bay industrial can offer a different type of demand profile.
If you own, develop, or invest in self storage and are looking at small bay industrial, this episode will help you better understand the opportunity and the key differences before making a move.
28 Jul 2026
Evaluating Saturation in Small Bay Industrial
In this episode, Cody breaks down how to evaluate market saturation in small bay industrial and how to determine whether a market has too much supply.
Small bay industrial can be a strong asset class, but not every market can absorb new product at the same pace. Cody discusses what investors and developers should look at when reviewing a market, including existing inventory, new construction, vacancy, lease-up velocity, tenant demand, rental rates, unit sizes, and competition from nearby projects.
He also covers what to do if a market looks oversupplied, including how to adjust the site plan, rethink unit sizes, improve the product offering, target a more specific tenant base, or avoid the deal altogether. If you are evaluating a small bay industrial site, this episode will help you understand how to spot saturation before it becomes a problem.
19 Jul 2026
Talking Flex Space with Hamza Ali
In this episode, Cody sits down with Hamza Ali of Flex Space Connect to talk about the growth of small bay industrial.
Hamza is one of the most recognized voices on social media when it comes to flex space and has grown an incredible network of developers and investors and hosts one of the largest flex space conferences every year. Cody and Hamza discuss how far the asset class has come, why more developers and investors are paying attention, and where they are still finding opportunity in today’s market. They also talk through the evolution of the space, what makes small bay different from traditional industrial, and why demand continues to grow from small businesses, contractors, service companies, and local operators.
14 Jul 2026
Underwriting Small Bay Industrial: Financial Projections
Cody goes over best practices for evaluating and underwriting small bay industrial, from analyzing an existing industrial park to developing a new one.
Financial projections are key to any real estate deal because they help investors understand how a property can perform with the right assumptions and conservative underwriting. In this episode, we break down what to look for, how to think through the numbers, and how to make better decisions when evaluating a small bay industrial property.
8 Jul 2026
Land Traps and New Development in Small Bay Industrial
Cody Payne talks what to look out for when looking for land for your next small bay indsutrial development and some key items to help you quickly analyze land sites.
29 Jun 2026
Using AI in real estate and evaluating small bay in todays era
Cody Payne talks how we use AI and what platforms we use to help streamline work flow, evaluate deals, marketing and lead generation.
16 Jun 2026
Cody talks new construction in small bay industrial
Cody Payne talks new construction and what to look for along with recent pricing update in building small bay industrial. This episode is great for new developers of small bay industrial also known as flex space.
11 Jun 2026
Cody talks with Curt Marker about his latest flex park development in Houston, TX
Cody Payne talks with Curt Marker, also known as Captain Curt about their flex industrial development in Houston, TX. Curt is a rising small bay industrial developer with a lot of insights into construction, raising money and evaluating land sites.
30 May 2026
Cody talks with Brian Whitmer at Doors and Spaces on trending topics in small bay ind
In this episode of The Small Bay Industrial Show, we sit down with Brian Whitmer of Doors & Spaces to discuss some of the top trending topics in small bay industrial.We cover what is happening across the market, including tenant demand, construction trends, development challenges, investing, and where the small bay industrial sector may be heading next.Brian shares his insight on what developers, owners, and investors should be paying attention to as the asset class continues to grow across the country.
18 May 2026
Small Bay Industrial Show with Shea Lewis of Industrial IQ
Cody Payne talks with Shea Lewis of Industrial IQ about finding data for small bay industrial across the U.S along with investment insights and from sourcing to operating flex industrial.
11 May 2026
Small Bay Industrial Show with Frank Forte Talking Aquisitions and Opportunity
Cody Payne talks with Frank Forte of Lucern Capital about finding opportunities in small bay and some of the key markets across the U.S.
4 May 2026
Small Bay Industrial Show with Thaddeus Campbell
Thaddeus Campbell joins us to give insights on self storage to flex and what new developers and investors need to know before getting started. With so many investors from the self storage world coming to the small bay industrial asset class, Thaddeus provides a lot of knowledge on the do's and dont's.
3 May 2026
Interview with James Reid of Flex Space Nation
We talk with James Reid of Flex Space Nation to go over the movement and buzz that Flex Space Nation is creating along with insights and advice for new people coming into the small bay industrial asset class.
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