The Employment Lands Development Monitor (ELDM) tracks mid-sized and major business parks (over 10 hectares in size) in the Greater Sydney. Prior to 2015, the ELDM only tracked business parks greater than 50 hectares in size.
These precincts generally have a B7 Business Park zone but 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 combining 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:
The zoned land of most major business parks is almost fully developed (established business parks) or at the very early stages of development (emerging business parks).
Of the 448 hectares of undeveloped land at January 2017, only 5 per cent (21 hectares) was zoned and serviced (water and sewer lead-in), all of which was located in established business parks. Emerging business parks at Leppington North, Marsden Park, Box Hill and Sydney Science Park have a combined 404 hectares of undeveloped land (which is yet to be serviced).
In 2016, take-up of business park land was only 0.6 hectares. This compared with 8.2 hectares in 2015 and 6.7 hectares in 2014. All take-up activity in 2016 occurred in Macquarie Park.
Other Business Parks are precincts between 10 and 50 hectares in size. These include:
At January 2017 there were 41 hectares of undeveloped land in other business park precincts (31 per cent of total land stock) with the majority located in Coonara Avenue, West Pennant Hills; Riverstone West and Greystanes.
Of the 41 hectares of undeveloped land, 54 per cent (or 22 hectares) is serviced (water and sewer lead-in). Most undeveloped and serviced land is in Coonara Avenue, West Pennant Hills (11 hectares) and Greystanes (7 hectares). Almost half of the remaining undeveloped land is within Riverstone West (19 hectares) which is yet to be serviced.
In 2016, take-up of other business park land was 1.7 hectares. This compared with 5.2 hectares in 2015. Take-up activity mainly occurred in Greystanes (1.2 hectares) and Auslink (0.4 hectares).
Page last updated: 15/12/2017