GGR252H1 Lecture 5: Lecture 5.docx
Document Summary
Differences in design, density and accessibility are evident in. High density downtown offices and low density suburban office parks. High density inner-city residential use and low density suburban single- detached lots. Eaton centre) and low density suburban shopping centres. Accessibility of land use > land value (cost) > land use. Sites (land) vary in level of accessibility generally downtown is most accessible. Therefore they vary in value and cost. Because all land use (office, retail, industrial, recreational, residential, educational, etc. ) potentially benefit from accessibility they will bid against each other for accessible sites (this is the bid rent concept) But the land users vary in the level of economic return they can get from the site; therefore they also vary in their ability to pay for occupying the site. A spatial sorting of land users results according to accessibility, economic return of land users, and ability to pay office and retail at the core, residential on the periphery.
