Business hots up for Chinese park sector

The business park sector in China is still in its infancy with a development history of little more than 10 years, yet the sector is now firmly poised for lift-off as the property market responds to the increasing requirements for high-quality decentralized business space, says a new report.

International property consulting and management firm Jones Lang LaSalle conducted in-depth research into the sector recently and issued a report to review the future drivers of growth, identify the likely business park hot spots and assess how the development and investment landscape is likely to evolve over the next few years.

According to the report, today's business parks are generally characterized by location at suburban areas and a broad mix of building types, which continue to be built in response to very different user requirements - from lower-specification semi-industrial units to high-quality headquarters office spaces that compete with the central business district (CBD) markets in terms of their quality and working environment.