What does Intensification in real estate aim to achieve?

Intensification in real estate primarily aims to make the most efficient use of existing land resources by promoting the development of higher-density projects in urban areas. This concept encourages building more housing or commercial spaces on land that has already been developed, rather than expanding into undeveloped areas. By increasing the density of buildings, communities can support more residents and businesses in a smaller geographic area, which can enhance economic vitality and promote walkability.

This approach typically leads to smarter growth patterns that can provide various benefits, such as reduced infrastructure costs, the preservation of green spaces, and a more sustainable urban environment. It contrasts with urban sprawl, which often undermines these benefits by spreading development over more land, leading to longer commutes and increased reliance on vehicles.