amenities in urban areas
Answers
A growing body of research indicates that people pay more to have access to urban amenities. For example, houses close to parks are generally more valuable. Parks, schools, small retail, and transit are some of the amenities that make for a rich urban experience. When considering development and redevelopment potential it is important to also consider how investments, but public and private, can change the desirability of an area. A package of urban amenities can increase desirability and competition for real estate in an area. This in turn increases the rent that property owners can achieve. Higher achievable rents can allow developers to consider larger scale, higher quality real estate projects. The increased investment activity can result in a "virtuous cycle" of even more desireability and investment. Hope this helps you ☺☺☺ Please mark it as brainlliest answer