The Role Commercial Buildings Play To The Growth And Development Of A City
Commercial developments refer to physical structures created so as to foster economic exchange. Over time, the growth of cities has led to economic expansion. An increase in human population has also led to expansion of already established cities. 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. Cities which lag behind in development usually find it hard to support an ever growing human population. Currently, commercials developments exist in a variety of scales and are able to serve a number of functions.
In the world today, commercial developments in cities act as places where business is conducted. With many industries in existence today, these are environments where people go to make money. It is due to commercial buildings in cities that everyone irrespective of his background is offered s level playing field to make an economic impact over his life.
Since commercial buildings attract people to trade, they foster social interactions amongst people with diverse backgrounds. As a result of these cultural interactions, social cohesion is fostered.
Commercial developments are key in the growth and expansion of any 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. With increased output, factories are able to expand and this also helps a city grow. People employed to run this industries are also able to make some good money at the end of the day, finances that they use to start their own businesses.
By creating modern commercial developments, the general landscape of a city changes. It is people who are financially stable who start constructing buildings for commercial purposes. They are normally developed using the latest architectural designs. In the long run, the city landscape is transformed. As a result, commercial buildings play a vital role in ensuring that cites keep up with the latest architectural trends.
There is a global land shortage especially in highly opportunistic areas like cities. Increased demand and limited supply causes land prices to escalate. 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 can be attributed to the fact that cities are heavily built with commercial developments. A highly developed city is this more valuable than one that is poorly developed.
Hence, cities cannot grow or expand without the presence of commercial developments. It is therefore important that people and governments alike invest heavily on putting up state of the art commercial buildings since they act as the pillar of a nation’s economy.
Source: Jody Kriss