Business park

Business park is a term used to describe a specific type of commercial property that is designed to house multiple businesses, typically in a suburban or semi-rural location. Business parks are often developed and managed as a single unit, with shared amenities and services.

History

The concept of the business park originated in the United States in the mid-20th century, as a response to the growing need for office space outside of traditional urban areas. The first business parks were often located near major transportation routes, such as highways and airports, to facilitate easy access for employees and clients.

Characteristics

Business parks are typically characterized by a cluster of low-rise buildings, often in a campus-like setting. The buildings in a business park are usually designed to accommodate a variety of business types, from small start-ups to large corporations.

Amenities in a business park can include shared meeting rooms, cafeterias, and recreational facilities. Some business parks also offer services such as property management, security, and maintenance.

Types of Business Parks

There are several types of business parks, including technology parks, industrial parks, and office parks. Each type of park is designed to cater to specific types of businesses. For example, technology parks often house tech start-ups and research institutions, while industrial parks are designed for manufacturing and distribution companies.

Benefits and Criticisms

Business parks offer several benefits to businesses, including cost savings, access to shared amenities, and the opportunity to be part of a community of businesses. However, they have also been criticized for contributing to urban sprawl and for their potential impact on the environment.

See Also

• Commercial property
• Industrial park
• Office park
• Technology park