6 Big Benefits That Locating in an Industrial Park Can Bring for a Business
When business leaders seek to set down roots, expand the reach of their companies, or relocate their operations entirely, selecting a fitting location is one of the most important decisions they’ll make. After all, in most cases, a business’s competitiveness and long-term success hinge squarely upon where it calls home.
And in industries ranging from manufacturing and automotive to life sciences, data centers, cold storage and food distribution — just to name a few — an industrial park can deliver the perfect environment for business profitability and growth. Consider these six benefits that locating in an industrial park can deliver for a business/industry:
- Cost savings — Largely thanks to the dedicated, high-level infrastructure industrial parks tend to already have in place, they can often deliver a range of affordability-focused advantages — especially when compared with the typical commercial real estate offering, office-park space or established retail space. This is primarily because, with large-scale infrastructural assets such as high-power electric, high-end communications, large-volume water supplies, and high-volume gas supplies in place and easily leveraged, business expenses can be minimized. (This is especially true for businesses that would otherwise have to invest extra capital to access such high-level infrastructural assets.)
- Flexibility — Industrial parks also tend to have zoning requirements in place focused specifically on meeting the needs of various types of businesses than other business-location options do. As a result, businesses that choose to locate in industrial parks can often sidestep the need to make zoning-driven compromises related to the size, height and density of the structures their businesses occupy, as well as to the business activities they conduct on-site — giving them a wealth of added flexibility in both areas.
- Broad customization options — When businesses locate in an office-park space or established retail space, the types of modifications they can make to the existing space are often highly limited. But when businesses instead choose to locate in an industrial park, they can typically take more ownership and customization of the land or facility where they build or lease — giving them much more freedom to customize their spaces however they desire. Shell buildings, another option often found in industrial parks, also typically allow for the businesses that occupy them to build out, modify or substantially renovate the spaces as they see fit.
- Logistical advantages — Industrial parks are often established in areas with distinct logistical advantages for businesses, such as nearby (or even on
–site) rail access, high-capacity roadways, airports, deepwater ports and consumer markets. And of course, when businesses have easy access to such logistical assets, they can leverage substantial cost savings — plus time and energy savings — in the areas of shipping and receiving.
- Proximity to other industry — Industrial parks are typically quite sizable, often housing a range of industry and business types. And for operations that choose to locate in such a park, this can put them in the same complex with suppliers of complementary products and services — and sometimes even the components needed to produce their own offerings. When this does happen, it can result in a substantial reduction in the costs of transporting and implementing these materials and/or procuring these needed services. Further, such proximity can serve to facilitate strategic and business-boosting partnerships between neighboring enterprises.
- Added incentives — In an effort to foster and/or maintain a thriving area economy, state, regional and local governments often provide a range of business incentives to enterprises that locate in industrial parks falling within their jurisdictions. As a result, businesses that choose to locate within an industrial park can often reap success-supporting advantages such as low property taxes, reduced sales taxes, lowered inventory taxes and favorable corporate income tax structures, along with other incentives such as grants, development credits and workforce-training funds.
A nationally recognized home for business and industry
Found in the fast-growing and business-friendly Charleston, South Carolina, region and master-planned for ultimate functionality, next-generation commerce park Camp Hall offers a wide variety of location opportunities for businesses of all types and sizes. It features available, build-ready sites ranging in size from 7 to 600 acres, plus Avian Commons serving as the center of Camp Hall providing employee services in a convenience- and amenity-providing community center. Further, the Charleston, SC-area industrial park has also been ranked the nation’s No. 7 industrial park for three straight years. Its location in South Carolina provides a range of business advantages — as evidenced by the Palmetto State being ranked by experts as No. 1 in economic development incentives, the fourth-best state for doing business and the sixth-best state for business climate.
To learn more about Camp Hall’s array of business-boosting benefits and how the commercial real estate and office space for sale in the Charleston-area commerce park can accommodate your business plans, visit camphall.com. And if you have any questions about the broad range of industrial and commercial properties available in the commerce park, contact a Camp Hall representative today.