Spatial and locational approaches in the economics of property and planning

Abstract

For the economics of planning and property, several key regulatory incentives are often used to meet certain objectives. One economic regulatory approach put forward is via density and zoning. It is important to conceptualize spatial patterning and dynamics when understanding how places have developed over time. The radial sector model of spatial patterns in development was developed by Hoyt. Final key conceptual patterns and dynamics when introducing the development of the place is the notion of urban sprawl that radiates away from a CBD core. In terms of regulation, property supply policy has often preoccupied itself with building restrictions and zoning. Multiple nuclei models begin to incorporate ideas of agglomeration. Brownfield sites can generate negative externality on real estate value, profit, and productivity. Location theories in property and planning can unearth the economic drivers and resources that allocate over place