Optimal Height Of Land Development – An Economic Perspective
Abstract
Sky-scrapers are rising in the panorama of big modern cities more and more often, becoming a symbol of dynamic growth and prestige. High-rise development appears to be an answer to the expanding demand for new residential and commercial space as urban land prices continue to go up and the availability of land decreases.
This article aims to identify factors affecting the choice of optimal building height in the context of economic effectiveness. It also presents factors that determine the implementation of high-rise development projects. Given the complexity of this subject matter, emphasis is placed on its economic dimension.
© 2015 Konrad Żelazowski, published by Real Estate Management and Valuation
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.