What Is A Business Park And How Does It Work?

The best way to describe a business park is as land which has been developed for the exclusive use of businesses and their offices. The most common locations for business parks are rural or suburban areas, as the land costs less and there aren’t as many building restrictions to worry about. Business parks are most commonly located near to a major road, as this provides easy access to the development for the people who work in the offices.

This post will delve a little deeper into business parks and their uses.

How Does a Business Park Work?

What Is A Business Park And How Does It Work?There is a great deal of planning that goes into building a business park, as the developers have various considerations to take into account. This not only involves planning out the landscaping area for the business park, but also how people will access the development from the road, parking within the complex, and also the various types of offices that are built there. As a company, there is an opportunity to purchase offices outright or in many instances you have the ability to lease, although this very much depends on how the park has been set up.

Certain business parks see the residents set up associations whenever they have purchased certain offices. Joining an association typically involves paying an annual fee, but this money goes towards security, any ongoing landscaping issues, and any maintenance that may be required. The associations generally elect a chairperson and hold regular meetings to discuss any current or up-and-coming issues. These associations typically have some form of influence over how the business park runs and works.

Why Choose to Have Office in a Business Park?

One of the main reasons that many companies choose to have their offices in a business park is because of the costs. This is known to be an extremely affordable option and costs considerably less than developing and then building your own offices. There also happens to be a number of different companies within the development, typically representing many different industries, therefore there is a fantastic opportunity for companies to network with each other. You may find competitors within the business park and also other companies that can help you to improve your business or reach a wider customer base.

It is not unheard of for a number of companies to group together within a business park environment, thus meaning they have the potential to reach more customers and usually the ability to offer their clients even more products or services. Another reason to use a business park is the flexibility they offer in terms of expanding your business. Should you require more office space, as long as there are other offices available at the time, it should be fairly easy to either lease or purchase more room.

There is also a wide variety of services offered within this environment. Some offices may be closed off to the general public, whereas other companies may welcome interaction with the public. Basically, you can run just about any type of company, which requires offices, from a business park and this has proven to be an extremely cost-effective way to run a business.

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Jamie Carter, the author of this article, works with Wishart Business Precinct, leading developers of business parks in Darwin. He takes keen interest in the latest real estate developments and enjoys experimenting with various apps and software.

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