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Optimal Height Of Land Development – An Economic Perspective

Author

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  • Żelazowski Konrad

    (Faculty of Economics and Sociology, University of Lodz)

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.

Suggested Citation

  • Żelazowski Konrad, 2015. "Optimal Height Of Land Development – An Economic Perspective," Real Estate Management and Valuation, Sciendo, vol. 23(1), pages 15-23, March.
    • Handle: RePEc:vrs:remava:v:23:y:2015:i:1:p:15-23:n:2
    DOI: 10.1515/remav-2015-0002
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    More about this item

    Keywords

    high-rise buildings; optimal building height;

    JEL classification:

    • R30 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - General

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