The Role Commercial Buildings Play To The Growth And Development Of A City
Commercial developments are business oriented establishments created so as to foster economic growth of a city or nation. Economic improvement has led 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. With an influx in population, the number of facilities available become overwhelmed. There are different types of commercial developments today.
Normally, commercial establishments foster an environment conducive for trade. It is because I of these commercial developments that people from the rural areas are able to make a decent living at the end of the day when they relocate to 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. It is such constructive social engagements that encourage intermarriage a between people with totally different social affiliations.
In addition, commercial developments play a vital role in the growth and expansion of already existing cities. Since they offer people with jobs and formal employment, people migrate from the countryside and come to live in these cities. This continuous immigration patterns ensures that cities never fall short of both skilled and unskilled labor. For this reason, they are able to maximize on yield and hence economic growth is stimulated. 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.
By creating modern commercial developments, the general landscape of a city changes. Usually, financially stable individuals choose to set up commercial buildings in cities. A majority of these buildings are constructed putting the latest architectural designs in mind. 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.
Land is generally a scarce commodity all over the world. 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 is due to the fact that cities are products of highly commercialized spaces. A highly developed city is this more valuable than one that is poorly developed.
Hence, cities cannot grow or expand without the presence of commercial developments. It is therefore important that people and governments alike invest heavily on putting up state of the art commercial buildings since they act as the pillar of a nation’s economy.