Small Business Estates
It has taken LED promoters quite a while to note that the conventional approach to real estate development is not necessarily adequate to deal with the needs of small businesses. From the perspective of small businesses, conventional real estate tends to be oversized. Responding to the needs of small businesses involves two issues: smaller plots and specific buildings.
In conventional industrial estates, plots often are much bigger than small businesses need and can afford. However, simply cutting the plots to a smaller size is easier said than done as this has repercussions on the road network and other elements of the infrastructure. Small business estates will usually need a layout which is different from that of industrial estates and much more resembles that of residential neighborhoods.
In terms of buildings, a first issue is flexibility and variability. Small businesses need little space, but that may change over time. In a given building, it is useful to design it in a way which permits the relocation of walls. Another issue is the provision of costly specialized equipment which can be used jointly; typical examples would be testing and measurement apparatuses.
next chapter: regional networks for start-up promotion
last chapter: technology and small business incubators
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