Car Park Squeeze for Office Developers

CAR park ratios are set to become the new buzz term in Melbourne's fringe office market, with councils getting tougher about the number of parking bays developers can put into new office buildings.

Developer Complexity Project Services announced this week plans for a four-level 1200-square-metre office building at 2-4 Ross Place in South Melbourne with parking for 24 cars.

In Richmond, developer George Saade and David Tamir announced plans for a five-level, 3500 sq m office building at 543 Bridge Road, with parking for 91 cars.

In both cases, the car park ratio to office space is 2.4 per cent - which is, according to agents and developers, much lower than the previous industry standard of about 3 to 5 per cent.

Complexity Project Services director Adam Cole welcomes the changes. "The project is supporting a reduction in car use to increase amenity, reduce traffic conges-tion, provide less polluted air and encour-age safer conditions for pedestrians."

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