Optimal Land-Use Studies
Often termed “Highest and best use studies”, these assignments evaluate alternative options amongst development projects where final use is undecided and make recommendations for “best use” to ensure optimal investment return is delivered.
Again, in these studies, we rely on the economist’s skill palette and use dynamic modelling to present recommendations which “optimise subject to constraints”. In practice this means proposing uses which deliver the greatest benefit taking into account any restrictions contingent – these could range from limits on plot ratio, to availability of key resources or statutory or regulatory compliance issues.
This approach was used extensively in our work on the Kartal-Pendik Masterplan in Istanbul when we developed strategies for the use of 3.5 million sqm of public and private development land, down to calculations on car park spaces and allocation of green space. Click here for more details.
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