GGR207H5 Lecture Notes - Lecture 9: Urban Structure, Urban Land, Secondary Sector Of The Economy
Document Summary
Capital of investment is going to secondary sector. How much people are willing to pay to live at or have access to certain locations in the city. Price of land is linked to accessibility (distance to city core has negative relationship with the price of land) Distance is the distance to the core of city (0 km = closest) Further from the city implies having more land/space. Most expensive when closest to the city center. The ability to pay rent is related to the type of need and distance to city. Retail is a lot more willing to pay to be located in city core. Agriculture have the lowest ability to pay for rent in city, purchases land far away from the city. The ability to pay rent is highest in retail > industrial/transportation facilities > residential > agriculture. City core has the highest land value (the peak) Locations with connections to highway or main transportation routes are more valuable.
