Please visit my web page "Urban Tenets" at https://urbantenets.nl/
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The ~2.5% to ~25% of vacancy rate witnessed across world in range of real estate inventories including residential, to offices, to commercial, to hospitality, suggests to have a new business and governance model and calls for emergence of a niche "integrator sector", that is as impactful as real estate and as efficient as shared mobility sector. We see algorithm at work when cab services, rideshare or MaaS make use of technology to match demand and supply to maximise the use of inventory, there is no reason why same logic can’t be applied in the real estate inventory case, except for the self imposed, static and limiting regulations of land use. Making effective use of this last quarter vacant inventory may prove to be the one missing piece of puzzle towards sustainable use of resources and circular economy. Need of this new integrator sector or functionality, either private or public, emerges as traditionally fragmented sectors of real estate and hospitality has been unable to fill this last mile vacancy gap.
Another missing piece of puzzle is the short to medium term interoperability of land use. That basically means, residential demand (rental, student housing etc.) is not necessarily to be fulfilled only by residential land use but may possibly be served by vacant office or commercial spaces as well and visa versa, that further implies revisiting and reinventing the structure, definition and statutory construct of land use, which may choose to allow room for swift, smooth and temporary interoperability i.e. near real time to quick on demand land use changes, which theoretically seems plausible. Land use here may mean a unit, to floor, to facility to altogether a neighbourhood. The only actual time lag that is there, is the time required for remodeling one land use space to another purpose, contractual and operational arrangements. There are great examples across the world where horizontal or vertical or mosaic mixed use spaces coexist in harmony.
What is required, is to have a centralised real-time stock of vacant inventories, stock of upcoming availability based on contract tenure and predicted vacancy modelling, and need of one integrator or consortia of integrators managing same.
City administration individually or collectively at a city, metropolitan or regional level are technically most equipped to bridge this demand supply gap and to do the associated regulatory adjustments as required.
Hoping the next phase of urban digitalisation may be able to solve the puzzle, and reap the benefit of shared economy at urban built environment scale.
Presented as a universally applicable conceptual model.
Author: Anoop Jha
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[Recent update
Starting 2024, launching urban management, interior design, home decor and commissioned artwork services in the Netherlands, serving local as well as international remote clients.
Please Note, that I am also conducting a FREE 45-minute online individual consultation on your interior design and home decor needs and aspirations if you are in the Netherlands or even internationally. Drop me an email at anoop.jha@gmail.com
Please visit my web page "Urban Tenets" at https://urbantenets.nl/
Instagram interior design page @urbantenets
Instagram fine art and illustration page @urbanoregional
My LinkedIn Profile: https://www.linkedin.com/in/anoopjha/
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#urbanplanning #realestate #smartcity #infrastructure #architecture #smartcity #Amsterdam #Utretch #Hague #Delft #Lieden #Eindhoven #Rotterdam #Netherlands #circulareconomy
