Yea, but rarely people actually buy those places, they just lease. Depends on the location and size but you can get industrial space for "cheap". Going from my poor memory, you might be able to lease a place for about $5 per sqf per year.
So if you need 5,000 sqf, IF indeed it was $5 per sqf, you're looking at $2,100 per month.
If it was retail space, then they would probably charge closer to $30+ per sqf which would make it very expensive.
I always found it interesting, the difference between retail/office/industrial space. You could argue it's still the same land but in reality those 3 categories charge a whole different type of taxes. Which makes industrial super cheap, office semi expensive and retail unreal expensive.
You also need to remember that just because residential property costs a tonne, doesn't mean that commercial property costs a tonne too. There is definitely a relationship between the two but it's no where near the same ROI.