Business parks can be an affordable choice in commercial real estate because it offers access to businesses your company could possibly network with. Businesses are grouped together based on the products and services they offer to make them appealing to potential customers. The spaces a business park has to offer can be flexible and allow businesses to expand easily if they need to.
Buildings are designed for general and light-industrial use purposes where the rents are often cheaper than retail properties and similar to industrial park rents. Business parks can be mixed use and strategically positioned near the Interstate for the greatest exposure with state of the art facilities. Large parcels suited for major distribution warehouses or employment centers and even doctors’ offices.
Smaller sites are functional for a variety of business applications away from busy city congestion near residential communities. Areas are landscaped with trees, service roads and parking for access within the business park specially designated to accommodate business offices. As a developer, you will make a decision to the extent that grading and clearing takes away from the natural beauty of the site.
Business parks are normally located in suburban areas where land tends is less costly and building codes are less restrictive. Companies can either lease space or purchase buildings, depending on how the park is set up. In some cases a business park association may charge annual fees to cover ongoing landscaping, security, and basic maintenance, and security costs, and they tend to have regular meetings in which officers are elected to maintain organizational influence over operations in the business park.
The current trend surfacing today are business technology parks also defined as suburban office and lab parks which are designed to provide a first class environment for local, national and international office and research firms. An entire business technology park can act as an interface between the business community, companies inside the park and others which are technology-based.
In the planning process for business parks, all utilities, including a storm water control plan, must be available businesses to tap into whether buying or leasing. In most states no exceptions or special attention will be given to developers who decide to locate the park in an area not serviceable by a municipality. There some areas where it is geologically not feasible for water and sewer line extensions and doing a geological study will be necessary to determine how to make the park certifiable.