Air rights, open spaces and real estate valuation
newscatcher
2023-03-19 12:30
Air rights, open spaces and real estate valuation
The proliferation of business establishments located on high elevation sites indicates the value given to air spaces. Residences, restaurants and resorts that afford 'overlooking views' attract visitors, buyers and investors. Elevation, openness and green elements undoubtedly add value to a property. And because of this, premium is given to these features that figure in pricing and marketing strategies. Architecture and open spaces The built form is ideally shaped by its environment and so architecture is supposed to embody the conversation between the site and building.

https://business.inquirer.net/390578/air-rights-open-spaces-and-real-estate-valuation

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