Impact Of Commercial Developments On Cities
Commercial developments refer to buildings erected solely for business purposes. Economic expansion has been the major contributor to the growth of cities. Population explosion has also contributed to this growth. 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. Also, commercial developments help employ the ever growing human population in cities. 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. 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 the pillars to a highly successful city. Being zones of economic opportunity, commercial developments encourage the migration of countryside dwellers to move into cities. This continuous immigration patterns ensures that cities never fall short of both skilled and unskilled labor. With increased output, factories are able to expand and this also helps a city grow. In addition, the people who are employed in these factories are able to open up their personal businesses, a factor that also helps in the growth and expansion of a city.
City architecture also gets to improve due to the establishment of new commercial developments. It is people who are financially stable who start constructing buildings for commercial purposes. They are normally developed using the latest architectural designs. When many modern buildings with different designs are set up, they create a highly sophisticated city landscape. Therefore, commercial buildings help shape the general appearance of a city.
All over the world, land is a much needed but scarce resource. Increased demand and limited supply causes land prices 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. 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.