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INDUSTRIAL PARK

In simple terms, an industrial park is a section of a city that is allocated to industrial use. It should be noted that there are several specific zones in a city that are explicitly reserved for industrial activities. These areas are not available for commercial or residential use. Industrial parks are definitive areas within a city that are exclusively dedicated to industrial development. These areas are particularly planned to meet such industrial needs.

Industrial parks typically include warehouses, factories, oil refineries, ports, and other industrial properties. It is important to note that most industrial parks are located in those areas of the cities that are most favorable for industrial activities.

Definition

Industrial parks are segments of a city that are zoned in entirety for activities that are conducive to the industrial advancement of the city. An industrial park may be referred to as an amalgamation of storage, transportation, and production facilities. Such areas promote the functioning of all such facilities at the same location. Industrial parks play a vital role in bringing companies together based on the fact that the services provide offered by these companies are complementary to each other. Such industrial areas may include businesses such as chemical plants, storage facilities, manufacturing and transportation services, etc.

Use of Industrial Park in Real Estate

In terms of real estate, industrial parks are the areas where industrial properties are located. Industrial parks are structured in such a way that they draw together those companies and businesses that offer goods and services that are complementary to each other.

Ports provide passage to goods and finished products that require transportation to the major industrial hubs to serve the purpose of distribution. Heavy lifting machinery such as cranes is made available at the industrial parks which can remarkably assist in the process of transferring the goods and products to the trucks and railroad cars. There also exist provisions for storing these products and cargo in the storage facilities within the industrial parks. If the manufacturers who are based out of the industrial parks gain passage to the ports, they can easily get access to the materials that they require to proceed with their manufacturing businesses.

It should be noted that increased levels of industrial activities that take place in industrial parks can raise considerable environmental concerns. The grounds that facilitate these operations may become contaminated with harmful substances and thus make it undesirable for people to reside in close proximity to these industrial parks.

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