What does a business park do?
A business park is a multibuilding development planned to accommodate a range of uses, from light industrial to office space, in an integrated parklike setting with supporting uses for the people who work there. They can range from small parks on several acres to facilities of several hundred acres or more.
What does a business park look like?
A business park or office park is a large plot of land with many office buildings. The businesses that occupy the offices are commercial enterprises, not industrial ones. Industrial companies may have their offices there, but not their factories. You will find no residential properties in a business park.
Why are business parks built?
Busines parks may aid companies in networking. A business park is a development set aside exclusively for the use of offices. Business parks are typically located in suburban areas because land tends to be less costly and building codes are less restrictive.
What are the benefits of business parks?
Business parks give instant credibility to business owners, presence within the local community, greater convenience, lower costs, and flexibility in office expansion.
What is the difference between an industrial park and a business park?
An industrial park is a variation on a business park or office park, which might have offices and lighter industry. An industrial park might include companies that provide manufacturing, transportation, and storage facilities, such as chemical plants, airports, and beverage manufacturers.
How do business parks help the economy?
The development of a business park just outside a city, however, provides added economic stimulus for developers to create retail and housing near the business park for the benefit of current and future workers in the park, adding more value to the enterprise.
Why do businesses locate on science parks?
A science park creates a base from which to: access state-of-the-art equipment and facilities. share knowledge. promote innovation on a commercial level. foster communication and collaboration between governments, universities and private companies.
Are business parks good?
Why are business parks good for retail business?
Having an office space in a reputed commercial complex like HiLITE Business Park, a prime piece of Calicut real estate, lends an air of credibility and prestige to the business, employer, and employees, and inculcates a sense of pride in the workplace.
What is white business park?
The White component is a flexible provision to allow for more GFA quantum to accommodate related uses synergistic with the dominant BP land use zoning. Related uses include residential, office, hotel, sports and recreation uses. The allowable quantum for White use is higher for land zoned BP-White.
What are the benefits of a business park?
Below are the three key advantages for why you should consider setting up your company within a Flexspace business park.
- Business Focus. Choosing to locate your company on a business park means that your company is based in a dedicated business area.
- Like Minded Neighbours.
- Flexible Growth.
What is B1 space?
B1 Industrial – Buildings on land zoned B1. Classified as clean & light industrial usage. Usually for businesses that require a large amount of storage space within their office, Research & Development, IT, ICT and Media companies. URA’s 60/40 rule applies. Refer to URA for more details on B1 industrial space.
What is B2 industry?
What is a B2 Industrial Property? Class B2 is another category of industrial properties which includes heavier industrial purposes. Such properties can be used for engineering, manufacturing, production, machine repair, construction, repair facilities, or as an industrial warehouse for rent.
What is B1 factory?
B1 industrial properties are clean or light industrial properties which are suitable for clean and light trades which are involved in light manufacturing activities.
What is A3 business use?
So what is A3 Use Class? Premises within Use Class A3 are authorised for “the sale of food or drink for consumption on the premises or of hot food for consumption off the premises” which covers most restaurants and snack bars.