What is the difference between a normal office space, a B1/ B2 industrial space and a Business Park space?
Office (in commercial office buildings) – requires the tenant to use the space purely as an office setup ie. No production or construction works of any kind. Normal office buildings usually want a clean and corporate image for their building.
B1 Industrial – Classified as clean & light industrial usage. Usually for businesses that require a large amount of storage space within their office, Research & Development, IT, ICT and Media companies. URA’s 60/40 rule applies.
B2 Industrial – Industrial, warehouse, utilities and telecommunication uses where the nuisance buffer is more than 50m but still within health and safety buffers. URA’s 60/40 rule applies.
Business Park (BP) – for businesses engaged in high-technology, research and development (R&D), high value-added and knowledge intensive activities. BPs have the following distinguishing features:
- A range or variety of activities or uses which are technology and research-oriented industries and non-manufacturing in nature;
- Have generous and lush landscaping, quality building designs, and wider range and variety of amenities and facilities.