Impact Of Commercial Developments On Cities
Commercial developments are business oriented establishments created so as to foster economic growth of a city or nation. 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. People have normally been attracted to city environments since they are places of better opportunity. Since better paying jobs are scarce in the country environment, people opt to relocate to cities so that they can be able to improve their standard of living. With an influx in population, the number of facilities available become overwhelmed. 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. Also, commercial developments help employ the ever growing human population in cities. Normally, commercial buildings harbor both offices and shops.
Also, commercial developments are important in the sense that they are points of interaction for people with different cultural and economic backgrounds. Being centers of economic opportunity, people of diverse cultures come together so that they can make money and in the process, they end up interacting and cultural transfers result.
Commercial developments are key in the growth and expansion of any city. Opportunities offered in these establishments is what attracts people from the countryside to move into a city. The influx in human labor ensures that business and industries alike never run short of employees. For this reason, they are able to maximize on yield and hence economic growth is stimulated. As more people start getting sufficient money, they start their own businesses and this is what makes a city expand.
Commercial developments also help transform the general architecture of cities. It is people who are financially stable who start constructing buildings for commercial purposes. They are normally developed using the latest architectural designs. As more of these structures are set up, the general city landscape changes. As a result, commercial buildings play a vital role in ensuring that cites keep up with the latest architectural trends.
All over the world, land is a much needed but scarce resource. It is this relative land shortage that causes the value of a parcel of land to escalate. In highly developed cities, acquiring a parcel of land can be a nightmare due to the extravagant costs involved. This can be attributed to the fact that cities are heavily built with commercial developments. 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.
It is therefore evident enough that cities cannot grow or expand without the help of commercial developments. For this reason, people should endeavor to ensure that more of these facilities are set up so as to sustain these environments of greater opportunity.