Impact Of Commercial Developments On Cities
Commercial developments refer to physical structures created so as to foster economic exchange. Economic improvement has led to the growth of cities. Today’s cities are highly populated. The reason behind this is because cities act as places of higher opportunity. Majority of the people who migrate to cities believe that they will be able to improve on their standard of living. However, population explosion might become a major issue especially for a stagnating city. Currently, commercials developments exist in a variety of scales and are able to serve a number of functions.
Commercial developments help foster trade amongst the population. It is because I of these commercial developments that people from the rural areas are able to make a decent living at the end of the day when they relocate to cities. Normally, commercial buildings harbor both offices and shops.
People with diverse cultural orientations are able to meet and interact in these commercial establishments. It is such constructive social engagements that encourage intermarriage a between people with totally different social affiliations.
Commercial developments are the pillars to a highly successful city. Being zones of economic opportunity, commercial developments encourage the migration of countryside dwellers to move into cities. It is due to this migration into cities that industries never fall short of human labor. As industries yield more output per given day, they are able to maximize on their profits and this is what makes cities expand. As more people start getting sufficient money, they start their own businesses and this is what makes a city expand.
City architecture also gets to improve due to the establishment of new commercial developments. As the inhabitants to a city get economically stable, they start putting up new buildings. A majority of these buildings are constructed putting the latest architectural designs in mind. When many modern buildings with different designs are set up, they create a highly sophisticated city landscape. Hence, commercial developments aid old cities keep up with new trends.
All over the world, land is a much needed but scarce resource. For this reason, it becomes quite expensive to acquire. The price of land is dictated by a number of factors, with one of them being the level in which its surrounding areas have been developed. This is due to the fact that cities are products of highly commercialized spaces. Therefore, commercial zones that have been heavily built generally increase the economic value of a city due to the fact that they have better facilities and amenities.
Hence, cities cannot grow or expand without the presence of commercial developments. It is therefore wise governments and private institutions to advocate for the construction of more commercial developments so that they can be able to boost the economy of their cites and country at large.
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