"Real estate development, or property development, is a business process, encompassing activities that range from the renovation and re-lease of existing buildings to the purchase of raw land and the sale of developed land or parcels to others."
The economic factors that influence urban development, including real estate markets, land values, financing, and public-private partnerships.
Land Use: The study of how land is utilized within an urban environment, including zoning laws and regulations. This includes an understanding of how location, size, and natural resources affect land use decisions.
Real Estate Valuation: The process of determining the value of a property, including the use of various methods and techniques to calculate its worth.
Market Analysis: The study of market trends, including supply and demand factors, to determine how different types of properties are influenced by economic conditions.
Urban Economics: The study of economic behavior within an urban environment, including how economic activity affects land use patterns and real estate values.
Transportation Planning: The study of transportation systems within an urban environment, including the design and implementation of transportation infrastructure.
Housing Markets: The study of the housing market, including the types of housing available, the affordability of housing, and the factors that affect housing prices.
Urban Planning: The study of the design and development of urban areas, including the integration of services such as transportation and utilities.
Environmental Planning: The study of how to mitigate the impact of development on the environment, including the creation of green spaces and the use of sustainable materials.
Historic Preservation: The study of the restoration and preservation of historic buildings and districts, including the regulations and laws that govern these efforts.
Urban Renewal: The study of efforts to revitalize and improve urban areas, including the use of government incentives and public-private partnerships.
Public Policy: The study of government policies related to land use, transportation, and urban development.
Architectural Design: The study of the design and construction of buildings, including the use of various materials, techniques, and styles.
Construction Management: The study of the management and administration of construction projects, including scheduling, budgeting, and quality control.
Property Development: The study of the process of developing and managing real estate projects, including the financing, planning, and construction phases.
Finance: The study of the finance industry, including the role of banks and financial institutions in real estate development and investment.
Legal Aspects: The study of the laws and regulations governing real estate development and investment, including zoning laws, building codes, and property rights.
Project Management: The study of the management of large-scale projects, including the coordination of multiple stakeholders and the allocation of resources.
Housing Economics: This field looks at the factors that affect demand, supply, and pricing of housing in urban areas.
Commercial Real Estate Economics: This field examines commercial properties, such as office buildings, retail spaces, and warehouses, and the economic factors that affect their development, use, and pricing.
Real Estate Finance: This field looks at the financial aspects of real estate development and investment, including financing, investment analysis, risk assessment, and portfolio management.
Urban Design: This field involves designing the physical layout of urban spaces, including buildings, streets, parks, and other public spaces, to promote sustainability, accessibility, and livability.
Transportation Planning: This field focuses on designing and planning transportation systems within urban areas, including roads, highways, mass transit systems, and bike paths, to enhance mobility and accessibility for residents and visitors.
Environmental Planning: This field involves planning and managing the infrastructure and resources within urban areas, such as water, energy, waste management, and green spaces, to ensure environmental sustainability.
Community Development: This field involves working with communities to promote social and economic development in urban areas through initiatives such as affordable housing, local businesses, community services, and cultural programming.
Real Estate Development: This field involves the entire process of creating new real estate properties, including site selection, feasibility studies, design and construction, financing, leasing or sales, and property management.
Public Policy: This field involves analyzing and creating policies related to urban economics and real estate development, including zoning laws, tax incentives, and regulatory frameworks.
"Real estate development encompasses activities that range from the renovation and re-lease of existing buildings to the purchase of raw land and the sale of developed land or parcels to others."
"Real estate developers are the people and companies who coordinate all of these activities, converting ideas from paper to real property."
"Real estate development is different from construction or housebuilding, although many developers also manage the construction process or engage in housebuilding."
"Developers buy land, finance real estate deals, build or have builders build projects, develop projects in joint ventures, and create, imagine, control, and orchestrate the process of development from beginning to end."
"Typically, developers purchase a tract of land, determine the marketing of the property, develop the building program and design, obtain the necessary public approval and financing, build the structures, and rent out, manage, and ultimately sell it. Developers usually take the greatest risk in the creation or renovation of real estate and receive the greatest rewards."
"Developers work with many different counterparts along each step of this process, including architects, city planners, engineers, surveyors, inspectors, contractors, lawyers, leasing agents, etc."
"Alternatively, a developer that is also a builder may purchase a property with the plans and permits in place so that they do not have the risk of failing to obtain planning approval and can start construction on the development immediately."
"In the Town and Country Planning context in the United Kingdom, 'development' is defined in the Town and Country Planning Act 1990 s55."
"Developers work with many different counterparts along each step of this process, including architects..."
"Developers work with many different counterparts along each step of this process, including city planners..."
"Developers work with many different counterparts along each step of this process, including engineers..."
"Developers work with many different counterparts along each step of this process, including surveyors..."
"Developers work with many different counterparts along each step of this process, including inspectors..."
"Developers work with many different counterparts along each step of this process, including contractors..."
"Developers work with many different counterparts along each step of this process, including lawyers..."
"Developers work with many different counterparts along each step of this process, including leasing agents..."
"In the Town and Country Planning context in the United Kingdom, 'development' is defined in the Town and Country Planning Act 1990 s55."
"Developers buy land, finance real estate deals..."
"Developers rent out, manage, and ultimately sell" their developed properties.