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Land Rent (Bid Rent)

Different land users all compete for the most accessible land within the CBD. Price and demand on real estate changes as the distance towards the CBD increases.

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Land Rent (Bid Rent)

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  1. Different land users all compete for the most accessible land within the CBD. Price and demand on real estate changes as the distance towards the CBD increases. Retail establishments are much more willing to pay more money for land close to the CBD and less for land further away from this area. the more accessible an area, the more profitable it is going to be. Land Rent (Bid Rent)
  2. a direct result of this, a pattern of concentric rings of land use develops. This creates the Concentric zone model. the poorest houses and buildings will be on the very outskirts of the City (the suburbs), as that is the only place that they can afford to occupy. Land Rent (Bid Rent)
  3. DEMOGRAPHIC OF Y Lack of single family housing & outdoor space at X Families w/ children @ Y
  4. Negative perception of neighborhood @ X
  5. Availability of affordable single family housing & outdoor space at Y
  6. Positive perception of neighborhood @ Y (safety; good schools)
  7. DEMOGRAPHIC OF X College, young workers, childless couples @ X
  8. Cost of transportation to jobs in CBD @ Y
  9. Affordable high density housing @ X
  10. City amenities (museums, night life, music) @ X
  11. DEMOGRAPHIC OF X Retirees, older persons w/out dependents @ X Down-sizing from larger homes at Y after retirement
  12. Group & social housing @ X(retirement & nursing homes)
  13. DEMOGRAPHIC OF X Distance from city amenities @ Y In-migration due to retirement, affordability atX
  14. Female longevity
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