The Problem of Asynchrony and the Wedge

Economic Wedge

By Mark Smith Low-density development is often a result of the match between local market conditions and the financial feasibility determination for a building or project. Most instances of new construction occur in what Pario calls low activity, low value markets. Low value markets produce low revenue to developers, and low revenue does not support sufficient density, in key locations,... Read More

Let’s Pre-Enable Density So That We Can Accomplish It

Planned Densification DescriptionpdfUL1_Page_31

Planned Densification is a process to overcome property-level economic obstacles to accomplishing higher density real estate development. Because of high overall construction costs, decreasing market prices, and troubled municipal finances—higher density development is now getting more difficult to accomplish at a time when density is increasingly important for economic development... Read More