Urban planning and policy change is often a tool to help cities increase housing density, while creating better access to transportation options and boosting walkability. Both also play an important part in preserving the aesthetics of historic neighborhoods, without sacrificing the new urbanism that make a neighborhood more desirable. All around they are critical topics for any commercial real estate professional.
With that in mind, a few weeks ago we sat down with TSW Senior Principal, Caleb Racicot to talk about how urban planning and policies can affect commercial real estate. Part one starts off with a discussion over the differences between planning and zoning, then leads into the biggest issues TSW finds during code review for a city.
Part two has Caleb and REscour CTO Chris Lexmond discussing out of date zoning codes, some of the easier fixes a city can implement quickly, and what a typical timeline is for rewriting coding zones.
This is a 6 part series so stay tuned for more videos and conversations to follow, as we dive deeper into the urban planning effects on CRE.