- How Much Money Is Needed To Invest In Rental Property?
- Should A Real Estate Investor Get An Agent’s License?
- 5 Big Factors That Affect The Costs Of Renovating Your Home
- SIBOR Hike – What You Can Do With Your Current Loan
- 6 Basic Don’ts Of Real Estate Negotiation Tactics
- Will New Condo Relaunches Trigger The Great Property Sale We Have All Been Waiting For?
- 10 Proximity Amenities That Add Value To Real Estate
- How To Get Personal Loans More Easily With Good Credit
Commercial acre refers to a portion of a newly subdivided land in which a developer is free to build upon after the authorities have planned and allocated the required land for infrastructure such as streets and sidewalks.
It does not mean an area as big as one acre.
It is important for the planners to set aside adequate space for other types of facilities and infrastructure so that land usage is not unbalanced.
For example, it would be a disaster if an acre has been turned into a mini city of shopping malls but lack the roads to facilitate traffic.
There is generally a ratio of commercial acre that people set a target on. However, that is not always strictly adhered to.
While most people might think that the large the commercial acre, the more developers would find a land lot idea, this is not always the case.
This is because the larger a commercial acre ratio implies that there are less space for other facilities like parks. The smaller the ratio would mean that residents in the area would have more access to amenities.