Strategic urban planning and policy changes can significantly impact the wellbeing of a city. From historic aesthetic and urbanism to transportation and walkability, city zoning processes control community attraction to a particular location, and understanding these principles greatly affects the success of commercial real estate.
As we continue discussing the effects of urban planning on CRE, we asked TSW Senior Principal Caleb Racicot more questions regarding high density settings and respectable zoning practices. In part four, Caleb and REscour CTO Chris Lexmond discuss proper execution of floor area ratio (FAR) and the value of implementing restrictions to produce a predictable outcome consistent with prior city planning.
If you’ve missed our previous discussions with Caleb, click here to view part one.
Stay tuned for more conversations to follow as we proceed in our six-part series discussing urban planning effects on CRE.