Title: How Do Cities Grow?
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Content: How Do Cities Grow? Skip to main content
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Last Updated on January 25, 2018 By Kimberly Goodwin, Ph.D. Leave a Comment
How Do Cities Grow? One of the fundamental requirements of a market analysis is the ability to understand the economics of the location. In order to fully understand the value that a property in its current or planned use brings to a market, one must consider the economics of urban growth patterns as well as the overall market activity and health of the area. Both the current value and forecasted trends in rent, property value, and vacancy depend upon an understanding of how cities grow and how those urban development trends ultimately influence real estate values throughout the city. Of course, cities can grow in many different ways and understanding the patterns of urban growth can help clarify the big picture in a real estate analysis. In this post we’ll discuss several different urban growth models that are commonly used to explain the growth patterns of cities. Concentric Circle Growth in Urban Development
The concentric circle growth model, or CCD model, was one of the first theoretical models of urban development. A sociologist named Ernest Burgess first developed this model in 1925. The urban development patterns in Chicago were the inspiration for the concentric circle growth model.