The Employment Lands Development Monitor tracks mid-sized (between 10 and 50 hectares in size) and major business parks (over 50 hectares in size) in Greater Sydney. These precincts generally have a B7 Business Park zone and may also include components of similar employment zones reflecting the broader functions of these precincts.
Monitoring of business parks recognises the growing importance of these locations for job growth and the evolution of some industrial areas towards higher density employment areas. These often combine a mix of manufacturing, logistics, warehousing, research and development and office uses.
Major Business Parks are precincts more than 50 hectares in size. They are located in nine local government areas (LGAs) across Greater Sydney and include:
Major business parks vary significantly by development status:
The zoned land of most major business parks is either almost fully developed (established business parks) or at the very early stages of development (emerging business parks).
At January 2018, there were 916 hectares of zoned employment land in major business parks. 415 hectares of this land was undeveloped, and of this, only 16 per cent (68 hectares) was serviced (water and sewer lead-in). All of the undeveloped and serviced land is located in established business parks. Emerging business parks at Leppington North, Marsden Park, Box Hill and Sydney Science Park have a combined 385 hectares of undeveloped land (which is yet to be serviced).
In 2017, take-up of business park land was only 0.7 hectares. This compared with 0.6 hectares in 2016 and 8.2 hectares in 2015.
Other Business Parks are precincts between 10 and 50 hectares in size. These include:
Other business parks also vary by development status:
Of the 41 hectares of undeveloped land, almost all is serviced (water and sewer lead-in). Most undeveloped and serviced land is in Riverstone West (19 hectares), Coonara Avenue, West Pennant Hills (11 hectares) and Greystanes (7 hectares).
In 2017 there was no additional take-up of other business park land. This compared with take-up of 1.7 hectares in 2016 and 5.2 hectares in 2015.
Page last updated: 26/03/2019